HYPE surges past $45! Wall Street suddenly realizes: their jobs are being taken on-chain

In the past, traditional finance viewed DeFi like adults watching kids play in the mud; now they realize, not only can kids play in the mud, but they’re also ready to buy the adults’ houses.
Hyperliquid has recently gone completely crazy. After HYPE broke through $45, the entire on-chain community started to boil. The reason is simple: it’s not just a trading platform, but increasingly resembles a “chain-based Nasdaq.”
Especially the CBRS pre-pricing mechanism, which makes traditional finance start to sweat. In the past, IPO pricing was dominated by Wall Street investment banks; now, on-chain users trade expectations in advance, effectively reclaiming some of the “pricing power.”
The most surreal part is, AI star companies haven’t gone public yet, but the on-chain market has already started speculating on valuations. Previously, prices surged after listing; now it’s like “pumping before the bell rings.”
What does Wall Street fear most? Not competition, but the disappearance of middlemen. The greatest power of on-chain finance is that it begins to render many traditional financial processes obsolete.
That’s why more and more institutions are starting to research Hyperliquid. Because they’ve realized that young people no longer want to wait for the traditional market to open at 9:30; they want a 24-hour casino… oh no, financial freedom.
But risks are also approaching. On the other side of the market, Multicoin Capital suddenly withdrew 150k AAVE to exchanges. Many people immediately become alert: is the institution preparing to cash out at high levels?
There’s a classic rule on-chain: when everyone is shouting bull market, some are quietly looking for an exit.
And the macro environment is equally delicate. More dovish voices are emerging within the Federal Reserve, with some openly criticizing the balance sheet reduction policy. What does the market love most? Of course, fantasizing about rate cuts.
As long as liquidity expectations slightly warm up, risk assets immediately surge like they’ve been injected with adrenaline. But the problem is, BTC is still being held down by key moving averages, indicating that while market sentiment is hot, capital hasn’t fully gone crazy.
The most dangerous part of this rally is: everyone thinks they understand the future.
And the market’s favorite game is to specifically take out those who think they understand. #Gate广场五月交易分享