$HYPE Down 14% on the Week Despite a $620M Treasury Profit
• Hyperliquid Strategies (Nasdaq: PURR) posted $620.6M Q3 net income, driven by $803M in unrealized HYPE gains.
• Revenue $13.3M, above estimates. It also filed to become a CFTC-registered FCM, pending approval.
• HYPE now trades ~14% below its quarter-end valuation price. ~$77, -8% in 24h, trending.
Paper gains cut both ways. I expect another test of $76.25 unless HYPE reclaims $80.60.
Verdict: Bearish
Not financial advice. DYOR.
• Hyperliquid Strategies (Nasdaq: PURR) posted $620.6M Q3 net income, driven by $803M in unrealized HYPE gains.
• Revenue $13.3M, above estimates. It also filed to become a CFTC-registered FCM, pending approval.
• HYPE now trades ~14% below its quarter-end valuation price. ~$77, -8% in 24h, trending.
Paper gains cut both ways. I expect another test of $76.25 unless HYPE reclaims $80.60.
Verdict: Bearish
Not financial advice. DYOR.
