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$HYPE I directly invested $350k in a long position!
Bitwise HYPE ETF bought an additional 183,162 HYPE tokens in the past two hours, worth $11.31 million. As of May 25, Bitwise has accumulated over 1.03 million HYPE tokens, with a total value of $62.92 million, and is still accelerating its buying spree.
1. Wall Street institutions are openly locking in positions, causing the circulating supply to rapidly deplete. As a compliant ETF issuer, Bitwise’s purchased tokens are forcibly escrowed and locked, preventing short-term selling. Every additional HYPE token absorbed by the ETF reduces the free tradable supply in the market. Large funds are aggressively accumulating without regard to cost, and the selling pressure in the market is being systematically eliminated.
2. HIP-4 prediction market launched, creating a new revenue engine from transaction fees. Hyperliquid has introduced its first CPI prediction market contract, with plans to expand to events like the World Cup. These markets will continuously generate protocol fee income, further strengthening the buyback flywheel.
3. Arete Capital partners publicly announced a first target of $84. Wall Street institutions believe HYPE will break three digits within 12 months, and the current price is severely undervalued.
ETF buying pressure, protocol buybacks, and institutional buy signals are resonating together. The $350k full position is locked in, waiting for HYPE to break into triple digits!