???
$HYPE What a ridiculously fast turnaround! 🎢
A couple of days ago, news of a partnership with ICE broke. Musk said “Interesting,” and HYPE shot straight up from around 77 to 98. The market got completely carried away with expectations! Institutions and retail investors alike rushed in with FOMO!
Then today, ICE reposted its announcement, emphasizing that it “plans to introduce” the product and that it is “subject to regulatory approval.” HYPE has now slipped back to around 87 😂
The broader market is all green, while HYPE is the odd one out, in the red.
But think about it: the partnership hasn’t fallen through, and the price is still nowhere near its starting point.
Put simply, expectations drove the rally—and expectations are what’s being priced back out.
I’m still bullish on HYPE in the long run. It’s only a matter of time before it breaks through the $100 mark.
For those who believe in this story, patience is what matters. Whether it delivers remains to be seen.
#Hypeliquid $HYPE