CFTC approves perps and HYPE moons which proves that crypto traders have absolutely no concept of second-order effects. If anything Hyperliquid will lose it's regulatory arbitrage advantage to licensed players like Coinbase and others which offer a secure controlled environment.
The last time HYPE was $50:
- BTC was $125K
- ETH was $4600
- SOL was $235
- HIP-3 didn’t exist
- HIP-4 didn’t exist
- PURR wasn’t bidding HYPE
- HYPE ETFs didn’t exist
- Circle wasn’t giving HL 90% of their USDC yield
- People assumed team unlocks was 10M HYPE tokens monthly