$HYPE today entered the spot market next door, so in the second half of the day there was a sudden spike, but after the release of positive news the price quickly pulled back:
1. HYPE really is a rare good project—otherwise the neighboring $BNB wouldn’t have been willing to give way and list on spot with HYPE, and would instead have continued actively supporting its $ASTER .
Also, large whale holders on the blockchain are voting with their feet:
-today one whale completely sold 17,000 ETH and swapped it for 205,000 HYPE, which is far more convincing than words.
2. Yesterday, the team announced an upcoming distribution of an airdrop of compensation to HyperEVM users, which also supports the mood.
The circulating supply is already limited, and compensation is an additional incentive for current holders.
3. From a technical standpoint, today’s pullback is a normal reaction after a new all-time high. The uptrend is still intact for now; the target is 105.
But everyone should not get too carried away—manage positions and keep control so you can sleep peacefully at night. Otherwise you’ll always be afraid of a sudden correction
1. HYPE really is a rare good project—otherwise the neighboring $BNB wouldn’t have been willing to give way and list on spot with HYPE, and would instead have continued actively supporting its $ASTER .
Also, large whale holders on the blockchain are voting with their feet:
-today one whale completely sold 17,000 ETH and swapped it for 205,000 HYPE, which is far more convincing than words.
2. Yesterday, the team announced an upcoming distribution of an airdrop of compensation to HyperEVM users, which also supports the mood.
The circulating supply is already limited, and compensation is an additional incentive for current holders.
3. From a technical standpoint, today’s pullback is a normal reaction after a new all-time high. The uptrend is still intact for now; the target is 105.
But everyone should not get too carried away—manage positions and keep control so you can sleep peacefully at night. Otherwise you’ll always be afraid of a sudden correction