HyperSwap has surpassed $1,000,000 in buybacks
HyperSwap is the only native protocol on HyperEVM actively conducting on-chain verifiable buybacks on its token, setting the standard for Hyperliquid alignement
Track buyback at: https://t.co/nDbNCiCrTR
SUI borrowing is now below 1%.
As more users access liquidity through NAVI, supplied SUI continues to play an active role in the market.
Let your SUI do a little more.
After shilling only 3 things in the past period: $ZEC, $HYPE and $NEAR, Hayes dumped all 3 of them.
They are all crashing heavily as we speak:
$ZEC -33%
$NEAR -25%
$HYPE -14%
The critical bug found in $ZEC, very understandable that he sold it. The other 2 are fundamentally not different from last week when he called it the holy trinity.
I find this extremely fishy behavior.
The situation for $HYPE hasn’t changed: our direction remains upward.
I was right, we had two pushes above $75, but failed to hold it.
• Overall market dump, but despite $HYPE strength, BTC dropped to around $61k and sentiment is shaky across the board
• Arthur sell-off triggered a domino effect, with many following him out
That said, let’s look at what HypurrScan is actually showing:
• New ATH in revenue – $4.4M in the last 24 hours, all being used to buy $HYPE
• Spot Stables grew by $150M since my last post
• TWAPs are still running – another $9M worth of $HYPE will be bought in the next 24 hours
• The only ones selling are those who came for a quick flip and didn’t have the brains to follow Arthur lead
Our targets remain unchanged, only higher. A deeper dip is possible, but I wouldn’t expect prices below $50-55. I don’t see the fundamentals for it, especially if ETF inflows continue.
Also, don’t forget about the upcoming regulatory decision on Hyperliquid, we might get some great news very soon.
$100 in the first half of summer is inevitable.
1000+ Days on @suinetwork
In DeFi, most things can be measured.
TVL, Volume, Users. Every day brings new market conditions, new volatility, and new challenges.
NAVI has now operated on Sui for more than 1,000 consecutive days.
Some things can only be earned over time.
Remember - most crypto is held in self custody. Binance control the prices using the assets on their exchange with simple wash trading. They can manipulate the price of any crypto with just a small supply. Why? Because its legal and they have price dominance in the Oracle networks and indexes which give them the highest weighting.
When the price moves its not buying and selling its longing and shorting. When a trader longs the exchange does a market buy on their own opaque order book. No assets change hands. When a trader shorts the exchange does a market sell on their order book same thing. When a long is liquidated it forces a market sell, and a short liquidated is a market buy. Thats all that is happening. You have been gaslit to think otherwise.
The ugliest part is the exchanges can place THEIR OWN LONGS AND SHORTS on their own order books. There are no rules, no regulations no laws until Clarity.
Understand if all crypto was traded onchain on DEX's we would not have this problem.
Opaque CEX's are the problem, have always been the problem.
Crypto is a decentralized technology, the price discovery HAS to be decentralized. It is not. It is captured by these centralized exchanges with NO REGULATION.
30s Binance Liquidation Levels - midnight June 3rd
Note: They continue to capitulate leverage traders. Because they did not ICO $HYPE they are unable to manipulate it.
Why do you think $ETH $SOL $XRP and every Binance listed asset chart follows $BTC like a mirror?
Because Binance control the prices - you think humans are correlating the assets independantly. You have been gaslit into a fantasy world.
Why do you think $HYPE doesnt follow $BTC? Because Binance didnt ICO it and dont have a HYPE Perp contract to manipulate.
Implementing End of Emissions, Token Buyback & Burn, Closure of TGP
Following approval of the ALEX governance proposal, the next steps are as follows:
🔸 End of Emissions
Farming and staking rewards will conclude at Cycle #409, 32 cycles from the current Cycle #377. After this point, no new $ALEX will be issued.
🔸 TGP Wind-Down
A final 30-day grace period for remaining TGP 2024 claims will run from June 1 to July 1. After this period, TGP 2024 will formally close. TGP 2025 obligations have already been fully discharged.
🔸 Buyback & Burn
Approximately 1.49M STX remains unclaimed in the TGP treasury, subject to reduction as additional claims are made during the grace period. Following TGP closure, these funds, together with future protocol revenue after essential operating expenses, will be used to buy back and burn $ALEX at market prices.
This marks ALEX’s transition from an inflationary token model to a deflationary one.