my thoughts on $HYPE
- The $300m cluster that nukes the chart is a great thing, redistributing supply and accelerating AF accumulation.
- The team unlock in November is the most bullish event of Q4 for $HYPE. Jeff is based, there's no chance he'll start dumping his $HYPE on the market. relock? staking? Whatever the decision, it will be beneficial in the short/long term.
- The 60% decline in OI is a non-event, as it mainly involved delta neutral positions, which had absolutely no impact on HL's revenues.
- Atlas Merchant Capital's $300 million buying pressure isnât priced in.
+ @unitxyz accumulate HYPE with 100% of their revenue, their impact will become increasingly significant as their revenue grows (which I am sure will happen)
- Builder codes, & even more so HIP-3, are in their infancy, and their impact on increasing HL revenues is still underestimated.
Accumulating $HYPE at 40% below its ATH is a bargain for me in this context.
Hyperliquid