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HYPE pumped +23% in the last 24 hours, adding $2 BILLION to its market cap.
Why it's pumping:
- Coinbase just became the official USDC deployer on Hyperliquid
- The $5 billion in USDC on Hyperliquid earns 3.5-4% yield. That's around $200M a year.
- That increases Hyperliquid's annual revenue by 25%
- 99% of revenue is used to buy back $HYPE
Fundamental altcoins are crushing it.
$HYPE
{future}(HYPEUSDT)