53 can’t hold, 26 is next!
Someone told me that HYPE is going back to 40. I said that’s too optimistic—26 is my target.
Stop talking fundamentals. First, look at who’s moving.
Last week, a huge whale pulled 1.89 million HYPE from Hyperliquid—worth $106 million—then immediately dumped 924,000 into Coinbase Prime and FalconX.
Meanwhile, the HyperLabs team itself redeemed 433,000 HYPE from its staking—worth $24.25 million—and sold them directly through the market maker Flowdesk. The team is selling, the whale is running, retail is catching—this scene is way too familiar to me.
The technicals aren’t pretty either. HYPE hovered around 57 for a few days, and the resistance at 58 was basically welded shut—couldn’t break through. After closing below 53, the next level down is 40. If 40 can’t hold, then 26 isn’t a joke.
Some say the HYPE protocol can make $800 million in a year, so the valuation should be able to hold. But a $1.23 billion market cap corresponds to annualized revenue of roughly $50 million—an earnings multiple of about 24x. In traditional markets that wouldn’t be that outrageous. But in crypto? You already know how insane things get when volatility kicks in. More importantly, there’s the buyback: on August 14, 81.9 million tokens unlock. The buyback is only 11.9 million—just 14.5%. Dilution is, plain and simple, real.
HYPE fell from 76 to 57—a 25% drop. Break 53, and you get 40. Break 40, and you get 26.
Don’t bet on a reversal at 57. Wait until it truly dumps before calling it.
Someone told me that HYPE is going back to 40. I said that’s too optimistic—26 is my target.
Stop talking fundamentals. First, look at who’s moving.
Last week, a huge whale pulled 1.89 million HYPE from Hyperliquid—worth $106 million—then immediately dumped 924,000 into Coinbase Prime and FalconX.
Meanwhile, the HyperLabs team itself redeemed 433,000 HYPE from its staking—worth $24.25 million—and sold them directly through the market maker Flowdesk. The team is selling, the whale is running, retail is catching—this scene is way too familiar to me.
The technicals aren’t pretty either. HYPE hovered around 57 for a few days, and the resistance at 58 was basically welded shut—couldn’t break through. After closing below 53, the next level down is 40. If 40 can’t hold, then 26 isn’t a joke.
Some say the HYPE protocol can make $800 million in a year, so the valuation should be able to hold. But a $1.23 billion market cap corresponds to annualized revenue of roughly $50 million—an earnings multiple of about 24x. In traditional markets that wouldn’t be that outrageous. But in crypto? You already know how insane things get when volatility kicks in. More importantly, there’s the buyback: on August 14, 81.9 million tokens unlock. The buyback is only 11.9 million—just 14.5%. Dilution is, plain and simple, real.
HYPE fell from 76 to 57—a 25% drop. Break 53, and you get 40. Break 40, and you get 26.
Don’t bet on a reversal at 57. Wait until it truly dumps before calling it.