📡 Coinbase 🛡️ (@@coinbase)
🐋 The largest USDC transfer in history. ~$4.4B sent to the Coinbase Hyperliquid deployer.
🤖 AI: Massive $4.4B transfer to an exchange deployer indicates high liquidity provisioning or potential sell-side pressure.
🔴 Bearish • 62/100 • $HYPE
Arthur Hayes(@CryptoHayes) just bought back 33,978 $HYPE($2.09M)!
4 days ago, he posted that he dumped his entire $HYPE to take profit when the price was above $72.
$HYPE then dropped ~23% to below $56.
40 minutes ago, a wallet linked to #ArthurHayes withdrew 33,978$HYPE($2.09M) from #Bybit.
https://t.co/IqRCDMZqGh
1/ $HYPE is one of the clearest examples of DeFi competing with centralized exchanges on product and economics, not just ideology
Can an onchain exchange become one of the major venues for global trading?
A thread on @HyperliquidX 🧵
@ryandcrypto Why wait for $HYPE to dip. It's going to be $100 within the next 2 weeks... It's going way higher. Spot and chill whilst $BTC and other alts go down
HYPE just printed a fresh ATH at $75.48 today.
From the $3.81 ATL on Nov 29 2024 to here in roughly 18 months. That’s a clean ~20x.
This ain’t some random degen pump. @HyperliquidX actually built something that prints.
-99% of perp + spot fees flow straight into the Assistance Fund, which auto buys hyperliquid:native on the open market and burns it. No team discretion, no votes, just relentless on-chain buy pressure tied directly to volume. Cumulative revenue already over $1.1B getting recycled back into the token.
Add insane protocol metrics (TVL pushing $6B, perp volume in the trillions, daily volumes hitting double digits billions at peaks), @Grayscale filing a low-fee staking ETF, whales and DAOs loading bags, and actual product-market fit in on-chain perps… and you get this kind of move.
The flywheel is real. Volume up → fees up → buybacks + burns up → holder value accrues. Simple as that.
Still early. This thing has legs.
Who’s positioned? 👀
How long will this $HYPE rally go man?
Inserts coins performance in their first cycle:
▸ ETH in 2016 (135 > 1400)
▸ SOL in 2021 (21 > 260)
▸ BNB in 2021 (8 > 300)
so you never know.
imo, not a good asset to short lol