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🔴 $2.9M of outflows on HYPE ETFs on Friday… but no one cares.
Today, $HYPE has fully erased Friday’s drop, rallying 15% from its recent lows.
What’s actually catching the market’s attention is the latest report from @citrini.
In its “New Ideas” section, Citrini describes Hyperliquid as “the antidote to FTX’s failure.” While the outlet has been bullish on Hyperliquid for quite some time, the mention of the protocol as a trade idea in its latest report is quite important.
Citrini is one of the largest independent financial research Substacks, followed well beyond CT, especially by traditional macro and equity investors.
In other words, HYPE is gradually moving beyond the purely crypto sphere and entering the radar of much larger investors.
Hyperliquid.