Kyle Samani, a thesis-guided investment entity Multicoin Capital’s managing director, recently carried out a remarkable $ USDC transaction. According to the data from Lookonchain, Kyle Samani borrowed up to $ 7 million in $ USDC tokens of the Defi protocol called Kamino to deposit the full amount on Coinbase. The provider of analysis on the chain went to social media to announce this event.
Kyle Samani (@Kylesamani), managing partner at Multicoin Cap, borrowed 7m $ USDC from #kamino and deposited it 2 hours ago in #coinBase.
Given their investment in $ Sol, will Kyle Samani use the $ USDC to make more $ Sol? Https: //t.co/ed2b2rhizt pic.twitter.com/npyuhuz7et
– Lookonchain (@lookonchain) April 15, 2025
Kyle Samani lends $ 7 million $ USDC and deposits in Coinbase
Kyle Samani reportedly deposited up to $ 7 million in $ USDC in Coinbase after borrowing Kamino. The considerable transaction takes place at a time when institutional and retail momentum builds around Solana ($ Sol). Samani himself has often promoted the scalability and technical benefits that Solana reportedly offers. The latest Activals shift has increased speculation with regard to Saman’s potential objective to do this.
The transaction means the probability of the purchase of more $ Sol tokens. Coinbase in particular serves as a leading crypto exchange in the US for transfers on institutional scale with prominent assets such as Solana. The mass USDC deposition in Coinbase also emphasizes the increasing role of Kamino and other Defi protocols in offering considerable liquidity access.
Huge $ USDC transfer indicates probability of extra $ sol -purchase
According to Lookonchain, borrowing a maximum of $ 7 million in $ USDC to Tokens by Kyle should be a strategic step to get market barking in the midst of maintaining the long positions of other assets. While the spectators of the market continue to look sharply at the next movements of Samani, the transfer can underline a bullish board for $ Sol. In this respect, Multicoin Capital has a key position in the market when it comes to $ Sol accumulation based on the long-term potential.
