$ZEC Just after that privacy riot ended, the Chinese timeline quickly shifted the fire back to $HYPE .

The current price is hovering around the $86 area (based on the live order book). The previous high has already been probed at around 88–90. Unlike those pure “signal-calling” copycat styles, $HYPE ’s narrative this round is harder to dismiss: protocol fees keep buying back and burning—community-stated cumulative burns are about 48.43 million tokens, corresponding to amounts in the tens of billions of dollars. There are also posts mentioning that in the past 24 hours, buyback volume was about $1.33 million. On top of that, talk about ETF/institutional exposure—like Hashdex NCIQ—has also been circulating, basically framing “on-chain exchange revenue” as an asset Wall Street can touch.

This kind of setup is most afraid of two things: (1) taking burn screenshots as proof it will definitely double tomorrow; and (2) chasing emotionally to buy near the prior high. What you really need to watch is whether buybacks have stalled, and whether trading volume can keep supporting.

Buying advice: near the current price, buy $HYPE in batches—don’t go all-in. A pullback to 82–84 is a more comfortable add-on zone. If it drops below 80 with increased volume, cut losses and get out. The first target is 90–92; if it holds, then aim for 95. Stay on the main long thesis—“fee buybacks are still happening + the institutional exposure story”—and don’t FOMO onto it after a single big bullish candle.