A confirmed launch date is bullish news, but the last thing anyone wants is for launch day to turn into a “sell the news” event.
Elysium, the first L2 network in the Hyperliquid ecosystem, has confirmed that its mainnet will launch on November 9. Kinetiq, the ecosystem’s leading protocol, hit an all-time high in token price that day. Source: BlockBeats.
Keep the two parts of the thesis separate: first, trading on expectations ahead of the mainnet launch, which is driven by sentiment; second, actual TVL and inflows of new assets after launch, which are measured by data. The key things to watch are whether trading volume for HYPE and Kinetiq holds up before and after Elysium’s mainnet launch, and whether core components such as cross-chain bridges and LSTs become operational at the same time.
Risk warning: A confirmed launch date often leads to a “sell the news” pullback around launch day. If ecosystem funds do not remain in the ecosystem after launch, the mainnet narrative may only stay hot for a day or two. HYPE and Kinetiq are involved; sentiment is bullish, but leave enough room for a pullback.
Are you more focused on sentiment-driven pricing before launch, or TVL data after launch?
Image 1: Elysium, the first L2 in the Hyperliquid ecosystem, sets November 9 for its mainnet launch; Kinetiq token hits an all-time high · Key News
Image source: https://www.theblockbeats.info/flash/374168
Elysium, the first L2 network in the Hyperliquid ecosystem, has confirmed that its mainnet will launch on November 9. Kinetiq, the ecosystem’s leading protocol, hit an all-time high in token price that day. Source: BlockBeats.
Keep the two parts of the thesis separate: first, trading on expectations ahead of the mainnet launch, which is driven by sentiment; second, actual TVL and inflows of new assets after launch, which are measured by data. The key things to watch are whether trading volume for HYPE and Kinetiq holds up before and after Elysium’s mainnet launch, and whether core components such as cross-chain bridges and LSTs become operational at the same time.
Risk warning: A confirmed launch date often leads to a “sell the news” pullback around launch day. If ecosystem funds do not remain in the ecosystem after launch, the mainnet narrative may only stay hot for a day or two. HYPE and Kinetiq are involved; sentiment is bullish, but leave enough room for a pullback.
Are you more focused on sentiment-driven pricing before launch, or TVL data after launch?
Image 1: Elysium, the first L2 in the Hyperliquid ecosystem, sets November 9 for its mainnet launch; Kinetiq token hits an all-time high · Key News
Image source: https://www.theblockbeats.info/flash/374168
