$HYPE A GREAT platform, but the price has gone TOO FAR.
Hyperliquid has a real operating platform with about $429 million in revenue from the start of the year through mid-September. However, the price around $97—pushing its market cap beyond the $20 billion mark—appears to be pricing in an overly optimistic expectation, far beyond its current scale.
To keep going further, the project must deliver a corresponding breakthrough in revenue and users, instead of relying on supply-reduction stories or burning tokens that don’t create real core value.
When market capitalization has already priced in several years of growth, the room for HYPE to continue moving up gradually becomes narrower, facing very high adjustment risk. Just when the growth momentum slows, selling pressure to bring the token back to its true value is hard to avoid.
For me, I still believe the HYPE price will trend downward, and it’s very difficult for it to keep rising further. Once expectations have been pushed too far, a discount to a more reasonable valuation is only a matter of time.
What about you? What’s your take?
$HYPE
Hyperliquid has a real operating platform with about $429 million in revenue from the start of the year through mid-September. However, the price around $97—pushing its market cap beyond the $20 billion mark—appears to be pricing in an overly optimistic expectation, far beyond its current scale.
To keep going further, the project must deliver a corresponding breakthrough in revenue and users, instead of relying on supply-reduction stories or burning tokens that don’t create real core value.
When market capitalization has already priced in several years of growth, the room for HYPE to continue moving up gradually becomes narrower, facing very high adjustment risk. Just when the growth momentum slows, selling pressure to bring the token back to its true value is hard to avoid.
For me, I still believe the HYPE price will trend downward, and it’s very difficult for it to keep rising further. Once expectations have been pushed too far, a discount to a more reasonable valuation is only a matter of time.
What about you? What’s your take?
$HYPE
