$HYPE


Some folks see the on-chain market cap at 48 billion and go wild, looking to short with the 992k unlock this month.
Here are some hyperliquid fun facts:
1. The team hasn’t sold any coins since the linear unlock started.
2. a16z started accumulating hype in April, currently holding around 100 million at an average cost of about 43. This level of institutional entry has been 100% confirmed in deep talks with Jeff.
3. Since the ETF launch, there’s been a daily net inflow of 2-3 million.
4. There’s a daily buyback of around 1 million.
5. In June, the market is projected to allow permissionless deployment, requiring 1 million HYPE staked.
The market’s selling pressure is mostly absorbed; we’re about to hit a short squeeze moment.
HYPE7.67%
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