$HYPE update, and it's getting spicy.
The platform burned 130,900 HYPE (~$7.65M) in 7 days, average buy at 58.45.
Funds still have ~$150M of locked tokens queued for withdrawal.
Right now price is 57.4. BELOW the burn's average. The unlock side is pressing and the burn is playing defense.
My frame: reclaim 58.5 and hold = burn wins this round, room to 60+. Stay under = sellers in control, next stop the 56.4 low.
$652B quarterly volume says the business is fine. The token just has too many exits open rn š¤
Burn or unlock, who wins? š
#Write2Earn #HYPE $HYPE
The platform burned 130,900 HYPE (~$7.65M) in 7 days, average buy at 58.45.
Funds still have ~$150M of locked tokens queued for withdrawal.
Right now price is 57.4. BELOW the burn's average. The unlock side is pressing and the burn is playing defense.
My frame: reclaim 58.5 and hold = burn wins this round, room to 60+. Stay under = sellers in control, next stop the 56.4 low.
$652B quarterly volume says the business is fine. The token just has too many exits open rn š¤
Burn or unlock, who wins? š
#Write2Earn #HYPE $HYPE