$HYPE has pulled back, but there's no need to panic. Its fundamentals are intact; this is just a pullback after the long trade became too crowded.
hyperliquid's 30-day protocol revenue is now 64.2 million, with annualized revenue of 690 million. In particular, Papertrade on its HyperEVM has already brought in 56 million in a single week. And that's before it even gets onto Wall Street—once it does, revenue could see another huge surge!
Today's pullback is just normal price action after long positions got too crowded and some traders took profits.
By comparison, $BNB and $OKB have been much quieter.
BNB had just rung the opening bell a few days ago, amid hype around corporate treasuries (515,000 BNB, worth about 382 million in holdings), only to get hit by a hacker attack—a major blow.
So BNB's chart has deteriorated. It's stuck at the very bottom of its 30-day range (at the 1.9% position), with the MA7/20/30/60 all hanging overhead. A rebound to 735 would face stiff resistance.
OKB hasn't had much in the way of catalysts over the past two days either; the positives have mostly been indirect, from the neighboring exchange's hack and ICE's involvement with hyperliquid.
So OKB is still in the early stages of a move. It has just climbed back above the 7-day moving average at 110.44, but the MA20 at 114.09, MA30 at 117.89, and MA60 at 116.81 are still overhead. This is a weak rebound in its early stages. However, given its low OI and some ecosystem support, it's worth keeping an eye on.
hyperliquid's 30-day protocol revenue is now 64.2 million, with annualized revenue of 690 million. In particular, Papertrade on its HyperEVM has already brought in 56 million in a single week. And that's before it even gets onto Wall Street—once it does, revenue could see another huge surge!
Today's pullback is just normal price action after long positions got too crowded and some traders took profits.
By comparison, $BNB and $OKB have been much quieter.
BNB had just rung the opening bell a few days ago, amid hype around corporate treasuries (515,000 BNB, worth about 382 million in holdings), only to get hit by a hacker attack—a major blow.
So BNB's chart has deteriorated. It's stuck at the very bottom of its 30-day range (at the 1.9% position), with the MA7/20/30/60 all hanging overhead. A rebound to 735 would face stiff resistance.
OKB hasn't had much in the way of catalysts over the past two days either; the positives have mostly been indirect, from the neighboring exchange's hack and ICE's involvement with hyperliquid.
So OKB is still in the early stages of a move. It has just climbed back above the 7-day moving average at 110.44, but the MA20 at 114.09, MA30 at 117.89, and MA60 at 116.81 are still overhead. This is a weak rebound in its early stages. However, given its low OI and some ecosystem support, it's worth keeping an eye on.
