Source item
Open original source ↗$HYPE truly relentless. I dont know if any selling occurs or not from the unstaking today, so far it doesnt appear to be the case.
But would like to point out, the ETF demand has been strong. The circle buybacks haven't begun yet, and each dollar deposited to HYPE regardless of whether it buys hype or not means more USDC yield to buyback.
I assume when circle deposits the back yield it will be 5-10m one time, then 500k per day + average thereafter deposited weekly.
time will tell.
Quoted context
These are the quoted author’s words.
hyperliquid:native Long term, this is probably the best alt in the space. If the market does well, this stands to benefit the most from increased volume and users. Not just from crypto users, but retail who want to trade weekends. I've refrained from mentioning alts for 8 months and that will continue. This is the only one I've mentioned this year when we were around 28. Outside of this, for 95% of cases I dont see why you'd trade alts when stocks are doing 10-100x with far better risk/reward. But if I had to pick one with the best risk asymmetry. this would be it. Above $50 I think we see new ath's with haste
Pentosh1 ↗