🔥 $1.4B earned. $1.26B burned into buybacks. So why is $HYPE bleeding? 🔥
Hyperliquid just crossed $1.4B in revenue, and about 90% of it went straight into buying back HYPE 💰$HYPE
But the chart isn't celebrating 👇
📉 ~$84.4, about 13% below the late-Sep peak
🚀 The rally to $95 ran out of steam
📊 Open interest: $2.4B (-1.95%)
🟢 Bulls say: record revenue, daily buybacks, +91.6% in 1 year
🔴 Bears say: fading momentum, a reported $330M OTC distribution, Papertrade manipulation risk
#HYPE #Hyperliquid #Crypto #BinanceSquare #Altcoins
⚠️ Not financial advice. DYOR.