Kyle Samani, co-founder of Multicoin Capital and one of the crypto industrys most influential Solana advocates, officially stepped down from the firm on February 5, 2026, after nearly a decade at the helm. Just days later, his public criticism of Hyperliquid (HYPE) has ignited speculation, especially as on-chain data indicates wallets linked to Multicoin accumulated more than $40 million worth of HYPE tokens in late January.