Institutions are putting real money on the line, this signal is stronger than any research report.

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CoinNetwork
CryptoWorld News reports that 12 wallets suspected to belong to a16z transferred 24 million USDC to HyperLiquid in the past 20 hours and purchased HYPE through TWAP.
Since March, these wallets have cumulatively transferred 259 million USDC to HyperLiquid, bought and staked 4.04M HYPE tokens at an average price of about $64, with an unrealized profit of approximately $29 million.
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