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$HYPE
Some people see the market capitalization on the chain at 48 billion and go wild, looking for shorts with a 992k open this month.
Here are some fun facts about hyperliquid:
1. The team has not sold any coins since the linear opening began.
2. a16z started building hype in April, currently holding around 100 million with an average cost of about 43.
This institutional entry level has been confirmed 100% in in-depth discussions with Jeff.
3. Since the ETF launch, there has been a daily net inflow of 2-3 million.
4. There are daily buybacks of around 1 million.
5. In June, the market is projected to enable permissionless deployment, requiring 1 million HYPE staked.
Most of the market sell pressure has been absorbed; we will soon reach the short squeeze moment.#TradfiTradingChallenge