Coinbase is now the official deployer of @HyperliquidX's USDC treasury wallet.
We will be activating AQAv2 from the two addresses below:
0x4E5319dEb1072B01439EE674db5C321d11fd96F8
0xc20699185c15D0a2fD65779BB5d69f5b0B113c00
Best fee day in a while. The faster we rip off the bandaid and allow majors to bottom, the healthier and better it will be for capital to return and vol to increase again
This is without the +~$600k/day from USDC deal either. Expecting a chunk deposit from CB soon
Hyperliquid
btw the most interesting part of this chart is two fold:
- price at ATH
- mcap still 30% below last year's ATH mcap
this is inverse to every other inflationary shitcoin out there
hyperliquid
basically there are billions of dollars in crypto that are trapped forever because of taxes not paid or ppl who don't want to pay them. these billions want to trade and hyperliquid is the best available, liquidity builds and becomes too great an edge for new competition
hyperliquid slowly enables every global asset to be traded on-chain with industry-grade slippage / experience and is the optimal place for all crypto natives and all other consumers who would prefer to not declare their trades
the risks associated with KYC'ing and regulations will likely not be present for another ~3 years (US gov change) which gives a long runway for great things to happen and at present they don't even operate in the largest financial capital of the world (the states). there is centralisation risk also but i have confidence in team via to-date performance
the tokenomics (buybacks with revenue) and initial distribution are simply the best to ever do it. the buybacks are increased with liquidations making it a token that generally holds up well in all conditions. second cycle pumps are usually the best of them and hype has an amazing team, a very loyal base with large engagement and has outperformed everything for the past several months which has it primed to outperform to the upside too
imo it is the comfiest token to hold while also having a fairly insane amount of upside narrative potential. it can actually fulfil solana's goal of 'nasdaq at lightspeed' and trade every asset, 24/7 (including making seed rounds liquid etc). it is a fully functioning L1 and the ecosystem around it is still in its infancy, i see no reason why further success will not attract more users via culture activations like events, nfts, memecoins, art. these are all mostly unexplored narratives that build layers to value and speculation
the best tokens are the ones that slip just out of your grasp and never gave an easy entry
$HYPE at the current market cap of $SOL is $203
$HYPE at the current market cap of $SOL ATH is $563
hyperliquid
I strongly believe there is a meaningful pool of latent demand for the $HYPE token that remains sidelined for now, but will gradually come off the sidelines over the course of the year:
- New $HYPE buyers waiting for entries who may not have liked the original thesis, but are now sold on HIP-3
- TradFi shops who are paying close attention to Hyperliquid, but are still slow to discover the token
- “Sophisticated Retail” investors who focus mainly on stocks but are on fintwit and reddit and read Citrini.
- Liquid / venture funds who have bags but have yet to size *convincingly* and adopt a multi-year view
- Ppl who have yet to realize that Hyperliquid will also be one of the largest prediction markets
- Hyperliquid Strategies
These forces should be driving a sustainable bid throughout the year while the short term traders do their thing.
The reason some of you may think this is overowned is cause CT is very loud about it. CT is like a few hundred thousand real people.
There’s a whole world outside of CT and crypto liquid funds and this is probably the only new token that will appeal to them.
Also no one I’ve spoken to outside of crypto thinks this should be valued with a median S&P multiple given the potential growth profile lmao. Hilarious that we are midcurving the one killer onchain business the industry has managed to put out.