It is very rare if the Hyperliquid don't have VC but after I do quick search on
https://crypto-fundraising.info/ it seems true that Hyperliquid don't have VC. It seems the dev have ton of money.
Yeah one of the founder (
Jeff) was a HFT trader at Hudson River Trading before starting his own crypto MM firm. The fact that the Hyperliquid team is small (only about five people, IIRC) also might explain why they could fund themselves without relying on VC and outside funding.
I just wonder Are u trade using spot only or futures too?
I do both spot and futures on HL. I've been using HL for my futures trading over the past two months, and I also hold HL's spot coins to farm points and generally bet on HL's success. I think as more USDC flows into HL's spot market, it could drive up the overall market cap of these coins, potentially pushing their prices higher.
That said, it's still incredibly risky. There are a lot of uncertainties, like when the HL Token Generation Event will happen, whether there'll be a Season 3, and the possibility that the prices of these memecoins could tank after this points season ends in late September.