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Brett Knoblauch
@BK_Crypto1
Joined October 2025
99 Following
8 Followers
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@Tanaka_L2 @HyperliquidX Terminal PE of 15x in base case seems unjust given the percentage of fees that go to repurchase underlying.
Analysis also ignores the underlying HYPE that would repurchased from year 1 to year n. Your denominator for circulating tokens could be off by an extremely high %.
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