jonahblake is down on his $HYPE position, but instead of cutting the trade, he decided to put more margin behind it.
"in my markets account, I was down on hyperliquid about 200 bucks but I added more margin and now I have about 2000 in margin on hyperliquid"
that got him looking deeper into why the $HYPE $100 narrative is still getting so much attention.
and there are two catalysts worth watching
"the hyperliquid core team did an OTC of $300M to an institution"
"the AQAV2 day, October 3rd, hyperliquid receives it's first payout under AQAV2 about $14.5M USDC of reserve yield flows into the assistance funds and gets spent on buying back and burning $HYPE
institutional demand + potential buybacks.
$HYPE could really push above $100 in coming days if demands keeps coming in
FT: @JonahBlake
@androolloyd That'll be a spanner, but doubt it, their visions are not aligned enough. Hyperliquid has achieved orders of magnitude more than Ethereum has and it's been around for a fraction of the time.
JUST IN: Lion Group sells its Solana and part of its Bitcoin to buy 38,102 $HYPE
The Nasdaq-listed firm now holds roughly 232,900 HYPE in its treasury after the September 29 purchase, strengthening its focus on Hyperliquid.
The Hyperliquid validator race is getting extremely tight.
@unitxyz and @HypeStrat are now close to overtaking a Hyper Foundation validator, with only around 627K $HYPE separating them from the next position.
Current validator stake snapshot:
Hyper Foundation 3: 55.48M $HYPE
Hyper Foundation 2: 54.04M $HYPE
Hyper Foundation 1: 52.31M $HYPE
Hyper Foundation 4: 34.52M $HYPE
Hyperliquid Strategies x Unit: 33.89M $HYPE
At the current pace, the gap could disappear as soon as next week.
What stands out to me is the continued growth of non-Foundation validator stake. If this trend continues, the validator ranking could start looking very different.
$HYPE
#Hyperliquid #HYPE #Staking #Validators
@BitcoinTeacher_ Yes, but how much does one have over the other? They are both in entirely different phases. Strategy doesn't need to aggressively accumulate.
If their plan to launch a daily dividend style product succeeds, can you fathom the capital they could generate?
It's not a competition.
The last thing standing in the way of the Strategy / Strive battle.
If this happens, Strive will lose a tremendous amount of capital allocated or being allocated to $SATA.
It's just maths, the larger with an enormous Bitcoin hoard will lure that capital away.
Let's see.
$BTC provides the ultimate store of value.
$HYPE provides the ultimate use case of blockchain.
Everything else is noise. Sorry. Yes, $ETH is important, but it does not have a unique moat. And it ain't making you that much money.
B to the H to the e.
The absolute nonsensical nature of financial institutions is the amount of non-financially driven decisions they end up making.
Load of utter idiocy.
It goes to show that even the "independent" institutions feel the need to "show" they are independent from the fiscal side. Why?
As I said before, $ASST was fine and eventually a pivot to $MSTR would be necessary.
And, here we are today. Full porting to $MSTR. Pledge allegiance to nothing, except the best exposure to $BTC itself.
Eat or be eaten. These are capital markets.
Let's fu**ing go.