In about a week, the product attracted roughly over 9 million—yet the old warehouse has only just been stuffing about 16 million worth of inventory into the exchange. The price dropped from around 93 to 87. Right now I’m a bit long, but I won’t chase.
The current price is about 87. Over the past two days, the high point was still around 93. Today, the low dipped to around 85.6. I’m looking to buy lightly on a pullback in the 85.5–86.5 area. My first target is 89.5, then 92. If it breaks below 84.8, I won’t count this move.
Two things are lining up: The U.S. spot HYPE ETF saw net inflows of about $9.25 million last week (9/21–25). Total fund assets are about $502 million, roughly 2.47% of market cap. At the same time on-chain, an address just transferred about 177,500 coins to the exchange, which was about $16.08 million at the time. Money is going into the product, while the old warehouse is offloading—don’t catch a falling knife midway through a rebound.
Personal view: keep your own position under control.
$HYPE
The current price is about 87. Over the past two days, the high point was still around 93. Today, the low dipped to around 85.6. I’m looking to buy lightly on a pullback in the 85.5–86.5 area. My first target is 89.5, then 92. If it breaks below 84.8, I won’t count this move.
Two things are lining up: The U.S. spot HYPE ETF saw net inflows of about $9.25 million last week (9/21–25). Total fund assets are about $502 million, roughly 2.47% of market cap. At the same time on-chain, an address just transferred about 177,500 coins to the exchange, which was about $16.08 million at the time. Money is going into the product, while the old warehouse is offloading—don’t catch a falling knife midway through a rebound.
Personal view: keep your own position under control.
$HYPE