$HYPE A bunch of influencers on the square are still shouting "short HYPE," saying that project teams unlock billions every month to dump, which is completely misunderstanding! You guys are ignoring two major things:

First, on-chain data is clear: in the past three days, whales have withdrawn $64.9 million worth of HYPE from exchanges, and new wallets have instantly withdrawn $10.87 million. This is a typical institutional accumulation, withdrawing coins to cold wallets is always for price manipulation, not for selling;
Second, Grayscale HYPG ETF just launched and had a net inflow of $12.14 million on the first day. The total assets of US spot ETFs have already reached $186 million. Legitimate funds are genuinely buying, Grayscale's management fee is only 0.29%, plus staking yields. Are you really ignoring such a major positive? Last time it dropped from 60 to 20 was the project team washing out low-priced chips. Now that ETFs are here, who’s still foolishly short? Hurry up and join me, first break the previous high!