Why I say $HYPE is a good project, but not a good price!
I’ll just show you directly with math:
1. The current unlocked amount for $HYPE is 14.18 million HYPE per month. At the current price, that’s sell-pressure of $1.1 billion.
2. HYPE is indeed using 99% of its revenue to buy back, but right now monthly revenue is only $55 million. Even at last year’s peak of the bull market, it was only $120 million.
How can it absorb $1.1 billion in sell-pressure?
3. Of course, because the actual claim rate of the unlocked allocation is only 1.8% right now, the sell-pressure hasn’t crashed the price yet.
But the price has already risen to 80. The number of people coming to claim will only increase. If just 5% of them convert into sell-pressure, the coin price won’t be able to hold.
A platform that earns $1 billion per year, currently valued at $80 billion—don’t you think the price is too expensive?
I’ll just show you directly with math:
1. The current unlocked amount for $HYPE is 14.18 million HYPE per month. At the current price, that’s sell-pressure of $1.1 billion.
2. HYPE is indeed using 99% of its revenue to buy back, but right now monthly revenue is only $55 million. Even at last year’s peak of the bull market, it was only $120 million.
How can it absorb $1.1 billion in sell-pressure?
3. Of course, because the actual claim rate of the unlocked allocation is only 1.8% right now, the sell-pressure hasn’t crashed the price yet.
But the price has already risen to 80. The number of people coming to claim will only increase. If just 5% of them convert into sell-pressure, the coin price won’t be able to hold.
A platform that earns $1 billion per year, currently valued at $80 billion—don’t you think the price is too expensive?
