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⚡️ The only token that emerged in this round, hyperliquid:native, is about to surpass dogecoin:native in market capitalization ——
In the current overall market, which is sluggish and stagnant, Hyperliquid's market cap steadily rises to $15 billion, reaching for the first time the edge of the total market cap of NO.9.
We are now in a phase where bullish and bearish opinions are quite divided. HYPE's largest futures short position, Loracle, has already set a $75 million short order at 64u.
The main concern among shorts about HYPE stems from unlocking:
On the 29th of this month, 14 million HYPE tokens will be unlocked, with internal personnel releasing about 6.6 million tokens.