HYPE is the one coin that you can trade on sentiment easily - sell at ATHs and everyone was euphoric, long when the fud starts coming out (we are here)

anyways i did some thinking about where the next leg up will come from and i believe it comes from HYPE becoming a decentralized binance

- HYPE started as a perp dex, yes

- it also makes all its money from perp dexes

- but its vision is never a perp dex. in a way it's more like a CEX but decentralized (not calling it a DEX bc people will think i'm talking about AMMs)

- PENGU is on HYPE spot (though it can't be traded yet) ; i think we're gonna see more of this where projects truly treat HYPE as a place to launch their tokens

- why? because the binance cabal is truly getting insanely out of hand ; if i was a project and had to choose between giving up >5% of supply to get listed, vs potentially listing on Hyperliquid and taking a risk, it's clear which one makes more sense

- go see the charts of all the new launches on binance lol. vs a platform with not as much users, and not as much volume - sure it might go down only, but on binance it's literally confirmed to go down only ; at least on hyperliquid u stand a chance

anyways this will likely take a while. in the short term it's dominated by flows and unfortunately

- everyone is in this coin

- means reflexivity is insane to both the downside and upside

- if this shit launched in 2021 we'd be at 500 or some shit right now. unfortunately we are succumb to broader market influences, which basically means that the upside from here is not as large as it used to be until the building catches up due to the crypto market just being very dry right now

overall think this is the one token u always want to hold bc this guy is maximally aligned w the crypto ethos and is someone i'd trust to build whatever he's building