$HYPE I directly invested $250k in long positions!

Arete Capital partner McKenna just publicly announced, with the first target for HYPE at $84, and it is highly likely to break three digits before the end of the year. He emphasized that when the HYPE ETF launched around $50, the capital inflow was exceptionally strong, and traditional financial institutions are very eager to enter at this price level.

1. Well-known institutions publicly set a target price of $84. McKenna clearly pointed out that the funding structure of the HYPE ETF proves that traditional finance has been heavily accumulating near $50, and the price cannot fall sharply. While Wall Street is still voting with real money, retail investors have no hesitation.

2. The open interest of the HIP-3 ecosystem exceeded $2.71 billion, hitting a new all-time high. Among them, one trader contributed as much as 94.2%, with open interest also reaching a new peak. Hyperliquid’s total open contracts surged to $250k, the highest since November last year, with a trading volume of $7 billion during the same period. These historic data indicate that a large amount of capital is flooding into the HIP-3 ecosystem for locking positions, and circulating supply is being systematically drained.

3. The protocol buyback flywheel is continuously draining circulating supply every second, which is the true engine of a long-term bull market. Hyperliquid has used over $1.16 billion in accumulated fees to buy back HYPE, with about 97% of platform revenue directly converting into ongoing buy orders in the open market. Bitwise’s chief investment officer explicitly stated that HYPE’s valuation is only 10 to 14 times the buyback flow, severely undervalued. As the protocol uses real money to buy back hundreds of millions of dollars each quarter, and institutional ETFs keep accumulating, the chips that can be sold off are disappearing at a visibly rapid pace.

$84 is just McKenna’s first target, and the protocol buyback flywheel is continuously locking in positions with unstoppable momentum. The $250k is fully locked in, waiting for this main rally driven by institutional funds and protocol buybacks to push HYPE into the three-digit range!#Hype #阿贵Btc