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16% can surpass DOGE, this HYPE narrative is a bit intense
• DOGE market cap $17.7B
• HYPE market cap $15.2B
That means HYPE only needs roughly another 16% move from here.
Meanwhile Grayscale keeps buying aggressively:
• 115,733 HYPE ($6.65M) bought in the past hour
• 682,190 HYPE ($34.9M) bought over the past week
At the same time, traders are still heavily leaning bearish despite price making new ATHs.
If you’ve been trying to short this move… You are probably bleeding. 👀
#GateSquareMayTradingShare #TradfiTradingChallenge