[HYPE] Hyperliquid Speculation

[FinneysTrueVision]

HYPE has pumped more than 20% in the past 24 hours after Coinbase and Circle announcing that USDC would be more closely integrated in the Hyperliquid ecosystem. USDH, USDT0 and USDe never really gained enough traction to challenge USDC’s dominance on Hyperliquid.

People are criticizing Native Markets for selling out, which is a fair and valid complaint, but ultimately, Circle and Coinbase are capable of doing far more for HYPE the token and the platform overall.

[shinratensei_]

HYPE has pumped more than 20% in the past 24 hours after Coinbase and Circle announcing that USDC would be more closely integrated in the Hyperliquid ecosystem. USDH, USDT0 and USDe never really gained enough traction to challenge USDC’s dominance on Hyperliquid.

People are criticizing Native Markets for selling out, which is a fair and valid complaint, but ultimately, Circle and Coinbase are capable of doing far more for HYPE the token and the platform overall.

People are paranoid, USDC has been dominating in hyperliquid since long ago, Native Market the issuer of USDH is also getting acquired by Coinbase. So whether it's USDH or USDC that won't make any difference.
On the other hand it will have the potential to boost liquidity into hyperliquid, the sole reason why market is bullish and HYPE is pumping 20% maybe extending support to various blockchains because of Circle's seamless CCTP bridge.

[tokeweed]

HYPE has pumped more than 20% in the past 24 hours after Coinbase and Circle announcing that USDC would be more closely integrated in the Hyperliquid ecosystem. USDH, USDT0 and USDe never really gained enough traction to challenge USDC’s dominance on Hyperliquid.

People are criticizing Native Markets for selling out, which is a fair and valid complaint, but ultimately, Circle and Coinbase are capable of doing far more for HYPE the token and the platform overall.

What the...   

I never expected something like this to happen tbh.  This is starting to make me think that HL could operate in the US in a couple of years or so.  They also have a legal team set in place to talk with the proper authorities and figure out what they could do legally.

This is really exciting times for HL users and the community behind it...  As for the price of HYPE, I like what I see but I think it could still go down for a bit.

[dwyane36]

HYPE has pumped more than 20% in the past 24 hours after Coinbase and Circle announcing that USDC would be more closely integrated in the Hyperliquid ecosystem. USDH, USDT0 and USDe never really gained enough traction to challenge USDC’s dominance on Hyperliquid.

People are criticizing Native Markets for selling out, which is a fair and valid complaint, but ultimately, Circle and Coinbase are capable of doing far more for HYPE the token and the platform overall.

What the...   

I never expected something like this to happen tbh.  This is starting to make me think that HL could operate in the US in a couple of years or so.  They also have a legal team set in place to talk with the proper authorities and figure out what they could do legally.

This is really exciting times for HL users and the community behind it...  As for the price of HYPE, I like what I see but I think it could still go down for a bit.

Meanwhile, HYPE is already above $58, meaning its price is very close to its previous ATH, which will likely be reached as early as today. Of course, a correction is quite possible after such a rally, but I don’t think it will be a deep one. It’s also worth noting that on longer timeframes, HYPE still looks bullish, and I expect the bulls to be able to pump it to $90 in the foreseeable future.

[asriloni]

HYPE has pumped more than 20% in the past 24 hours after Coinbase and Circle announcing that USDC would be more closely integrated in the Hyperliquid ecosystem. USDH, USDT0 and USDe never really gained enough traction to challenge USDC’s dominance on Hyperliquid.

People are criticizing Native Markets for selling out, which is a fair and valid complaint, but ultimately, Circle and Coinbase are capable of doing far more for HYPE the token and the platform overall.

It keeps pumping as the more money is moving to the hyperliquid ETF. There are around $25.5M is going to the hyperliquid ETF, and it's triggering people to keep buying it. People are now starting to speculatve each hype may worth $100 in the future.

Beside that regulators are starting to eye Hyperliquid to be as big as Robinhood. I won't be surprised if it will be pumping even higher in long term. 

Utility over the hype

[tokeweed]

HYPE 60 USD and going a tad over it then going below it again due to some spot selling from whales who are short at perps.  Lolol.

One of these whales is a guy called Loracle.  His down around 28 million with his short on HYPE and he keeps adding to the position as HYPE goes higher.

https://hyperdash.com/address/0x8def9f50456c6c4e37fa5d3d57f108ed23992dae

[dwyane36]

HYPE 60 USD and going a tad over it then going below it again due to some spot selling from whales who are short at perps.  Lolol.

One of these whales is a guy called Loracle.  His down around 28 million with his short on HYPE and he keeps adding to the position as HYPE goes higher.

https://hyperdash.com/address/0x8def9f50456c6c4e37fa5d3d57f108ed23992dae

Overall, this guy is clearly bearish, as he holds short positions on many assets. However, in the case of HYPE, he clearly miscalculated. His current short position on Hype now has an unrealized PnL of -$19 million, since his average entry price was around $45. Of course, there is a chance that the HYPE price could pull back to that level; moreover, the fact that this trader uses very low leverage protects him from liquidation and massive losses at the moment.

[tokeweed]

^   He was airdropped a ton of HYPE.  So am not really sure why he's shorting HYPE like that with size as he's really a dev who launched a project called HPUMP which was instrumental for getting spot liquidity volume during the second points season a couple of years ago. 

Those were the days.  Really had a lot of fun during that time.  And I was accruing points for the airdrop.