Often tagged for my views on $hype - hyperliquid
Look from a technical point of view.. its relatively simple...
Catch the falling knife and bleed out P&L
Or let it hit the floor, then buy it safely and add from a winning buffer - increasing size when the odds are in your favour.
The Tornado guy sold 188,340 $HYPE today.
He now holds 1,562,337 $HYPE ($32.8M) and will be done selling in exactly one week (next Wednesday).
But the hardest day could be tomorrow. In addition to his 278,463 $HYPE ($5.8M) scheduled to be sold tomorrow, we also have two wallets whose unstaking finishes tomorrow:
- 665,034 $HYPE ($13.9M) from 0xffe664491482ae9db6ba9e55c2ed1ea55c700a52
- 507,948 $HYPE ($10.6M) from 0xcf9bfaf7e7ed48d85f2487b8fed07852a5e93ad1
So tomorrow we could see up to $30M of selling pressure if everything gets sold.
These two wallets are linked to @ContinueFund.
Two weeks ago, they sold 287k $HYPE ($7.5M) in two TWAPs, as fast as the Tornado guy is selling.
Search USAID on X, and what pops up?
@elonmusk
He’s probably talked about it so many times right now and probably many more times to come
This play is so obvious but I feel like everyone sleeping on it
Time will tell
6P8ixuqGZpfyHAxyxbU4a31vsMiFiCQjBzVV58gPpump
🚨TRUMP: "We have to solve the fraud, waste, and abuse problems. Take a look at the fraud we've found in USAID. Hundreds of millions going to places it shouldn't be. It's a big scam...I don't know if its kickbacks or what, but I ran on this, and the people want me to find it."🔥