Svmuu News: Tushar Jain, Managing Partner at Multicoin Capital, stated that the crypto market has bottomed out and reached a turning point. Market sentiment has truly hit bottom; recent major hacking incidents and other news have not triggered large-scale sell-offs, adoption continues to rise, and prices have become decoupled from fundamentals. He remains bullish on Solana in the long term, believing that SOL is the right architecture for spot trading and tokenized securities; he is also bullish on Hyperliquid’s leading position in the derivatives space, and currently holds significant positions in both.
Regarding ZEC, he noted that Multicoin has accumulated a significant portion of the supply and believes it represents a return to the industry’s “cryptopunk” values, with the potential to enter the top five by market capitalization. In terms of position management, he employs a “third-rule” approach: buying one-third immediately, investing another third through dollar-cost averaging, and reserving the final third as flexible capital to weather sharp market declines. During the Zcash code vulnerability incident, the team observed and confirmed that no hackers had exploited the vulnerability, after which they significantly increased their position.