- A sudden exit
- Not selling
Kyle Samani, the co-founder of Multicoin Capital, has announced he is leaving the firm.
The departure comes amid a major market crash, which makes it rather notable
However, it should be noted that Samani had pushed back against the narrative that he is capitulating.
HOT Stories
Mark Dow: I Want Bitcoin to Go to Zero
Crypto Market Prediction: Will XRP Break Bullish Trap? Shiba Inu’s (SHIB) 3 Bullish Targets, Ethereum’s (ETH) 300-Day Record Broken
A sudden exit
After spending nearly a decade building Multicoin with highly aggressive bets on Solana (SOL), Samani described the decision to call it quits as “bittersweet.”
“My time at Multicoin has been some of the most meaningful and rewarding of my life,” Samani wrote. “That said, I am excited to take some time off and explore new areas of technology.”
At the same time, he expressed full confidence in the remaining leadership team, including co-founder Tushar Jain and other partners. Samani has described them as “some of the best investors and operators in the world.”
Not selling
Samani went to great lengths to clarify that he is not giving up on Solana itself despite the sudden exit
He has announced he has requested an “in-kind redemption” in shares and warrants of Forward Industries (FWDI) instead of redeeming his stake in Multicoin’s Master Fund for cash
Forward is a publicly traded entity where Samani serves as Chairman. It functions as a crypto-native holding company with substantial exposure to the Solana ecosystem.
“To be absolutely crystal clear,” Samani stressed, “I am still mega long SOL, mega long crypto, and will continue to be involved in crypto both in my personal capacity, and as Chairman of Forward.”
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
$285M Solana Disaster – Here’s What Actually Happened
On April 1, 2026, things fell apart on Solana (SOL). Drift Protocol got hit with a $285 million exploit, and within hours, its token crashed hard. The impact didn’t stop there, it quickly spread to other connected protocols.
This breakdown is based on reporting and analysis from Coin Bureau wi
CaptainAltcoin55m ago
Nasdaq-listed DeFi Development held 2.22 million SOL at the end of March, and the dfdvSOL holdings increased to over 656,000 SOL.
Gate News message, April 8, DeFi Development, the Solana treasury company listed on Nasdaq, released its latest operational report. The report shows that as of the end of March, the company held 2.22 million SOL, and its liquid staking token dfdvSOL holdings have increased from 513k to more than 656k. In addition, DeFi Development said it will continue to advance its strategic investment in the stablecoin protocol Apyx.
GateNews5h ago
Solana DEX Stabble Urges Liquidity Providers to Withdraw Funds After Identifying Former North Korean Employee
Solana-based decentralized exchange Stabble issued an emergency warning on April 7, 2026 urging liquidity providers to withdraw their funds immediately after online sleuth ZachXBT revealed that a North Korean IT worker had been employed at Elemental, a Solana DeFi infrastructure project, and that the same individual had previously worked at Stabble approximately one year ago.
CryptopulseElite5h ago
Drift Protocol announced a hacker incident recovery plan and will participate in the Solana Foundation STRIDE security mechanisms
Gate News update: On April 8, Drift Protocol posted an update on the incident response process for the hack. Drift said that it is currently actively working with asymmetric research and OtterSec to develop a coordinated and aligned recovery plan. At this stage, the primary focus is to stabilize the situation and provide protocol-level assurances for all affected users and partners. In addition, Drift will participate in a security mechanism under the Solana Foundation.
GateNews6h ago
$285M Solana Disaster – Here’s What Actually Happened
On April 1, 2026, things fell apart on Solana (SOL). Drift Protocol got hit with a $285 million exploit, and within hours, its token crashed hard. The impact didn’t stop there, it quickly spread to other connected protocols.
This breakdown is based on reporting and analysis from Coin Bureau wi
CaptainAltcoin7h ago
Solana ecosystem DEX Stabble urges LPs to withdraw funds after discovering that a former employee is a North Korean–national developer
Solana decentralized exchange Stabble issues an emergency notice urging liquidity providers to withdraw funds due to a security risk involving a former North Korean employee. The warning was disclosed by on-chain investigator ZachXBT, in the context of a U.S. warning about the infiltration of North Korean technical personnel. Stabble emphasizes that no attack has happened yet and will conduct a new security audit.
GateNews7h ago
