Almost ~$500M in $HYPE sell pressure over the next 7 days: Should we be worried?
7.66M HYPE will be unlocked over the next seven days. The top 3 wallets hold more than 10% of the current unlock volume.
The second-largest wallet belongs to Loracle, who in 3 days will receive 893.6k HYPE (~$57M) and is very likely to start selling.
https://t.co/ggjcOhhC00
The most significant day will be May 28. On that day, 4.02M HYPE (~$300M will return to spot) will be unlocked.
I am more than confident that a large percentage of these unlocks will be directed toward selling. Many people will take profits – and that’s completely normal.
Two key questions will ultimately decide the future of $HYPE:
• Will we see strong ETFs inflows, and how powerful will they be?
• How will the regulatory adoption process for Hyperliquid unfold?
We truly have a massive week ahead.
My recommendation: Drop leverage and focus on spot. This way you won’t get liquidated and can patiently wait for higher targets.
Monitoring the situation.
An oil worker in the North Sea has captured incredible footage of a floating oil rig.
The largest and deepest offshore platform ever built, called “Troll A” stands at about 303 m bellow sea level, and had a total height of 472 m (this is not it).
This is the greatest video I’ve ever seen. No notes. The lifeless clanker carcass just laying there. No crowd reaction, anything. Just Billie Jean. Until its lifeless shell is shamefully dragged off. Purely amazing.