Over the last two months, it seems that volume and active traders in the prediction market apps is more stable, but 20b per month is just 2 or 3 days the volume that #Binance or #Coinbase do every day.. #NYSE is about 100b per day!
There is still long way for #predictionmarkets
A clean breakdown of 27 #Hyperliquid team wallets π
β’ Treasury: ~241.5M HYPE, fully staked, non-circulating
β’ Team allocations: ~75k HYPE each, mostly staked or idle
β’ Only one wallet selling, confirmed as former contributor
#HYPE#OnChain
A slow bleed in price could be more detrimental to the market than a quick sell-off, as it can erode investor confidence and lead to a prolonged bear market.
The fact that BTC is holding steady despite government sell-offs suggests resilience in the market, but it's definitely a situation to keep an eye on!