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The TradFi brothers are buying $HYPE at a valuation of $13 billion, with goals of $130 billion++
They’re adopting the narrative that it’s going straight for them and competing with the old guard, and if it succeeds it will capture a 10-20x++ in valuation.
That’s why, every day with two-digit $HYPE, they’re swallowing the supply on SPOT and serving as exit liquidity for anyone who wants to sell.
The CME is terrified, and it’s rushing to roll out its 24/7 markets along with a nonsensical basket index, in an effort to get into the ring before it’s too late.
In my view, it’s already too late and $HYPE will win.
hyperliquid.