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Do you believe it? Anyway, I don't believe it. Yesterday, 61 shorted HYPE, and this morning, it broke even at 56, and I had a good meal.
Ansem: Hyperliquid currently compares to SOL at $20 in 2023.
Ansem benchmarks Hyperliquid's current circulating market cap against Solana's market cap around $20 in October 2023, implying its potential growth space. As an early core evangelist of the Solana ecosystem, Ansem's analogy itself is a strong endorsement of value, and his views still hold considerable influence in the community.
Recent discussions about "Solana's Tom Lee" reflect the market's desire to find new narrative benchmarks. Ansem's remarks can be seen as shifting this focus from the public chain itself to emerging derivative trading protocols like Hyperliquid, which highlight native order books and L1 performance as selling points.
The comparison benchmark chosen by Ansem is "October 2023." That was just before Solana emerged from the FTX shadow and began its subsequent tenfold rally. This precise timing not only compares market caps but also hints at market sentiment cycles and narrative turning points. He places Hyperliquid in a similar "pre-narrative launch" position, with a clear intention to rally. $HYPE
{future}(HYPEUSDT)