Current short term hipo is up from here for HYPE. The asset itself has way more reflexive buying than Oct last year (alone this puts it in the $55-$115 range). But there are macro upsides too like Iran+IPOs+better than feared midterms+Warsh
I don't buy the recent 'local top' nerves. The tide will wash out eventually, but from a much higher level, and only once markets are tapped out which isn't until Nov/Dec at the very earliest
@lukecannon727 Imo it's incredibly bullish that Native Markets played a role in forcing USDC as an AQA, and then gracefully sunsetted USDH to help concentrate the quote assets. The new set up is vastly superior to Polymarket or Lighter
@loraclexyz@reisnertobias Can you share a bit more about how you do thesis formation? You held this through the no deal headline on the weekend. How did you get to that type of conviction?