Spencer Applebaum ✓
@SpencerApplebau · NYC · joined 31 Jul 2013
GP & Co-Head of Venture @multicoin not investment advice, read our blog for the best research and insights in crypto https://t.co/vqCL2J4NZR
10 787Followers
1 477Following
1 677Posts total
764.1KViews on collected posts
Latest posts
Looking for new posts…
Not sure how many times we need to repeat the same thing over and over
Chainanalysis companies should really get their facts straight before publishing FUD that the entire community will take as gospel
Pretty pathetic honestly
16.2K views · 119 likes
· 7 reposts · 8 replies
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Multicoin Cuts HYPE Stake Again, Has Sold Nearly Three-Quarters From Peak
Multicoin Capital sold another roughly 10% of its HYPE holdings, according to Arkham, leaving about $90.5 million worth of HYPE, still its largest on-chain position. The firm accumulated around 4 million h
50.1K views · 79 likes
· 5 reposts · 17 replies
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please stop dm'ing me asking if we unstaked to sell
the answer is no
40.3K views · 364 likes
· 14 reposts · 48 replies
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UPDATE: The Open leaderboard has been updated to reflect a 2-shot penalty for Bryson.
No official word yet from the R&A. https://t.co/TbVZtaZ6tA
78.6K views · 249 likes
· 6 reposts · 47 replies
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@SpencerApplebau @multicoin @KyleSamani Do you know who multi coin is? Thoughts on this?
5.6K views · 50 likes
· 0 reposts · 1 replies
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7/ Charlie munger once said
"one thing we’ve learned is, if it’s clear that something is a mistake, is to fix it quickly. It doesn’t get better while you wait"
Well we made a mistake and now we're admitting it and fixing it. Read it here - https://t.co/tA2kwWbG9Q
49.1K views · 161 likes
· 9 reposts · 6 replies
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4/ Hyperliquid’s core business already does high nine figures of annual revenue, but several near term catalysts will continue to meaningfully compound growth
HIP-3, HIP-4, portfolio margining, regulatory clarity, builder code expansion, coinbase/usdc revenue line, ETF flows ht
6.2K views · 44 likes
· 1 reposts · 1 replies
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5/ Hyperliquid’s trajectory looks eerily similar to Binance's early years. In 2017, Binance went from a new upstart to the dominant CEX in approximately six months
The market still underestimated it. We didn't, and posted about BNB at $10. Our expectation is the same here
11.3K views · 55 likes
· 4 reposts · 1 replies
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6/ At ~$63, HYPE trades at roughly 36x TTM earnings, or approximately 30x earnings including now-live Coinbase/USDC deal
Under our base case assumptions discussed in the full report, we project ~$8 billion in annual earnings by 2028, implying a price of ~$319 at a 20x multiple
10.1K views · 75 likes
· 11 reposts · 3 replies
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2/ Hyperliquid is a vertically integrated layer 1 blockchain and DEX purpose-built for high-speed trading
In 2025, Hyperliquid generated ~$873M in revenue across ~$2.9T in trading volume. It grew from ~301k to ~923k users and ended the year with ~$6B in open interest https://t.c
9.3K views · 58 likes
· 3 reposts · 1 replies
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3/ Last year it also began to take market share from CEXs. Monthly perps volume is now ~17% of Binance’s, up from effectively 0 two years ago, while OI has reached ~21%
Measured against all CEXs combined, Hyperliquid's share of both perps volume and OI now sits at all-time highs
6.8K views · 34 likes
· 1 reposts · 1 replies
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1/ Today, @multicoin publishes our HYPE analysis and valuation
HYPE is now one of our largest liquid fund positions and we've been accumulating aggressively since February
Full report and disclosures in link. Link here -
https://t.co/tA2kwWbG9Q
365.6K views · 1.1K likes
· 202 reposts · 85 replies
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Will be speaking here. If you’re building in the ecosystem and want to catch up, let me know. DMs are open!
12.1K views · 61 likes
· 1 reposts · 3 replies
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HL Global is hosting the Hyperliquid Summit in NYC on July 16th, 2026.
The summit will bring together institutional participants and builders of the Hyperliquid ecosystem.
Invite only, all talks will be recorded. https://t.co/mmo50E2Mun
99.6K views · 332 likes
· 29 reposts · 73 replies
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Against accounts of the same size
2 posts from the last 90 days, next to the 10K–100K follower range. shown widely, but few of those viewers react.
Median views33 126this account924median for 10K–100K
Reach, %307.10%this account3.62%median for 10K–100K
Engagement, %0.53%this account1.52%median for 10K–100K
| Metric | This account | Median for 10K–100K | Ratio |
|---|---|---|---|
| Median views per post | 33 126 | 924 | 35.9× |
| Reach (views ÷ followers) | 3.1× audience | 3.62% | 84.8× |
| Engagement rate | 0.53% | 1.52% | 0.35× |
Others in this range → Compare with another account → How these benchmarks are built →
Growth & engagement
How the posts we collected actually performed: views and reaction rate post by post, what the audience did with them, and where the follower count goes.
Views per post
12.1K17 Jun
365.6K25 Jun
6.8K
9.3K
10.1K
11.3K
6.2K
49.1K
5.6K
78.6K17 Jul
3.2K
40.3K22 Jul
50.1K3 Sep
16.2K
Last 14 collected posts, oldest on the left. The scale is logarithmic: one post can outrun the rest a hundred times over.
Engagement rate per post
0.54%17 Jun
0.40%25 Jun
0.53%
0.66%
0.91%
0.55%
0.75%
0.38%
0.91%
0.39%17 Jul
0.53%
1.09%22 Jul
0.22%3 Sep
0.84%
Reactions — likes, reposts, replies and quotes — divided by views. Median for 10K–100K accounts is 1.52%.
What the audience does
Likes67.5%2 787 in total
Reposts7.1%293 in total
Replies7.2%298 in total
Quotes3.9%160 in total
Bookmarks14.3%588 in total
Share of every reaction we collected for this account. Replies mean argument, reposts mean endorsement, bookmarks mean the post was worth keeping.
The follower curve appears once this account has two daily snapshots — we take one a day, and this one is on its first.
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Frequently asked questions about @SpencerApplebau
How many followers does @SpencerApplebau have?
10 787 followers.
How many posts has @SpencerApplebau published?
1 677 posts.
How do posts by @SpencerApplebau perform?
Collected posts: 15. Views: 764 083. Likes: 2 787.