Multicoin Capital co-founder Tushar Jain pushed back on a suggestion from Nansen co-founder Alex Svanevik that traders should disclose their intentions in advance once their wallets are being tracked. Jain called the idea "completely absurd," arguing that no trader would willingly reveal plans ahead of execution and invite front-running, nor want liquidation levels exposed to the public. He said privacy is critical for on-chain capital markets to function successfully. The exchange followed an earlier explanation from Jain about a large unstaking of HYPE tokens. He said the tokens were not being prepared for sale, but were moved because his funds had been continuously tracked, forcing him to rotate wallets on a regular basis. Svanevik had responded that "transparency is a feature, not a bug" and said that if funds were already being tracked, it could make sense to disclose intentions ahead of time. Jain’s latest remarks were a direct rebuttal to that view.
Multicoin Capital co-founder Tushar Jain rejected a suggestion from Nansen co-founder Alex Svanevik that traders should disclose their trading intentions in advance, calling the idea "completely absurd."
Jain said no trader would want to reveal plans ahead of execution and get front-run. He also said no trader wants their liquidation price to become public information. In his view, privacy is essential for on-chain capital markets to operate successfully.
The response came after Jain had earlier said that a large batch of HYPE tokens he unstaked was not meant for sale. Instead, he said the move was driven by persistent tracking of his funds, which forced him to change wallets regularly.
Svanevik had previously argued that "transparency is a feature, not a bug." He said that if funds were already being tracked, traders could consider disclosing their intentions in advance. Jain’s latest remarks were a direct response to that position.
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