I thought buying Solana was owning the Casino. Now that the | ThinkingUSD on Binance Square

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I thought buying Solana was owning the Casino. Now that the Casino has a token owning Solana is like owning the Casino chips? Help me out here.

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Eventually the sharp memecoin traders will figure out the game is rigged and pivot to perps. Some will make it, most won’t.

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See a lot of people misinformed like @EvgenyGaevoy making misleading claims that the majority of Market Maker volume on @HyperliquidX is done by HLP. This is demonstrably FALSE. See attached chart. Volume done by HLP is less 2% of Average daily volume (ADV) now.

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Spot trading on just HYPE is a very interesting market to pay attention to. Close to $1B ADV. Average monetization per order 2bps. $1,000,000,000 x 0.02% = $200,000 in Rev / Day. I believe we call this a flywheel? Turns out lack of spot listings is ending up a net benefit.

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Okay so: $CIRC $20B mcap $300MM rev 0% used for buybacks? $HYPE $11B mcap $800mm rev 97% used for buybacks? Hype also biggest pocket of USDC onchain? What am I missing again?

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I think people are tired of getting gaslit into buying tokens that don't make any money

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