$HYPE While entering the ETF and burning it at the same time
ETF net inflow today is about 4.77 million USD
This is the second-largest single-day order this month
The fee burn is still ongoing as well
Approx. 3+ per day
Estimated burn is the highest share of supply at 4.9%
Spot: 93.6
Small rise on the day, slightly more than before
Entering
Entering
Not the same as starting to run immediately
My take
Institutions can support the narrative
Whether the price keeps rising depends on trading activity
Don’t treat it as a “buy once, must pump” button
#spot #HYPE$HYPE
ETF net inflow today is about 4.77 million USD
This is the second-largest single-day order this month
The fee burn is still ongoing as well
Approx. 3+ per day
Estimated burn is the highest share of supply at 4.9%
Spot: 93.6
Small rise on the day, slightly more than before
Entering
Entering
Not the same as starting to run immediately
My take
Institutions can support the narrative
Whether the price keeps rising depends on trading activity
Don’t treat it as a “buy once, must pump” button
#spot #HYPE$HYPE
