Holpop News

Hedge fund Multicoin Capital lost 91.4% of its assets in 2022.
“While the fund successfully avoided the catastrophic collapses of LUNA and Three Arrows Capital earlier in the year, we did not avoid the explosive revelations about FTX or the subsequent contagion that spread through the market,” the investor letter said.
In a separate letter, Multicoin reported that 10% of the fund’s funds were stuck on FTX. The company also explained that it has invested significant amounts in FTT, SOL and SRM.
However, since its inception in 2017, the fund still has a return of 1376%, net of commissions.