when you buy $HYPE you are not just buying a token, but a stake in the platform. having stake means having share of the protocol REVENUE in the future. in a bull market annual 500m - 1b a year, and growing ae hyperliquid take more and more market share from binance.
Assistance Fund is buying back token in open market because they probably want a large stake in the platform once it becomes a DAO decision making body. and they are not doing insider deals to acquire more tokens. they did not tweak the tokenomics to acquire more tokens.
this is true fair game.
@punk9059 at this point punk is not going to outperform. i feel like with ordinals, the path is clear. first pump is glorious, second pump is alright, and then slow bleed until there is no demand.
@zackvoell it's just more competition for existing MMs. without trading volume to pickup exponentially citadel prolly take a large piece of the profit of exisitng MMs market.