Hyperliquid ($HYPE)

Odaily星球日报讯 据链上数据，“10.11 至今胜率 100%巨鲸”当前在 Hyperliquid 持有 SOL、ETH 及 HYPE 多单，总仓位规模约 1.37 亿美元。其持有的 SOL 20 倍多单浮亏约 1407 万美元，ETH 25 倍多单浮亏约 615 万美元，HYPE 10 倍多单浮亏约 52 万美元，整体浮亏超过 2000 万美元。
从持仓情况来看，其 SOL 平均建仓价为 190.62 美元、ETH 为 3773.45 美元、HYPE 为 41.33 美元，当前价格均显著低于开仓价。其中 SOL 距离爆仓价 153.89 美元仅约 3%，ETH 距离爆仓价 3321 美元不足 4%。

This was one month ago.

My god, what in the actual fk is going on?😂

Primeira vez no positivo do meu agent AI que faz trade na Hyperliquid -- HypeAI

Great rage bait here.

Comparison is poor.

Solana had minimal revenue and SOL was entirely trading on speculation when it was $260.

Hyperliquid has generated $1B in rev over the last year, trading at a fairly low P/E and uses almost all of this revenue to buyback its token, creating its own passive flows (no other alt coin has level of programmatic predictable flows).

If you want to make the argument that HYPE will go down due to declining revenue in a bear market, then sure, I think that is true.

CEX revenue dropped 50-60% in 22-23, so could see a similar contraction in rev for Hyperliquid, which would cause the price to go down.

But trading will still continue, so it will have better fudnamentals than almost anything else in the bear market.

Hyperliquid has potential avenues of growth to offset decreasing interest in the trading of crypto tokens with new RWA markets coming online, but possible that won't have matured in time this cycle.

I don't even mind anyone arguing that onchain liquidity is mercenary and HL's moat is still questionable.

But, describing hyperliquid as "just another flavor of the month perp dex" is just lazy engagement bait.

Only a handful of businesses have managed to achieve what they have in the history of crypto.

Put some respect on Jeff's name.

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