What keeps me interested in $HYPE isn't this week's chart, it's the exchange underneath it.

Hyperliquid sends most of its trading fees to a fund that buys HYPE on the open market, so the token is tied to how much people actually trade there. And with HIP-3, outside teams can launch their own perp markets: stocks, gold and oil now trade there around the clock, weekends included.

Price is a separate question, and this week it's been rough. But a token connected to real usage is the kind I like to study.

Not financial advice. DYOR.