First, the key point: Hyperliquid burned over 21,000 HYPE in the past 24 hours
$HYPE 78.94, 24h +1.99%, 24h volume 53.43 million.
This is somewhat positive, but I wouldn’t chase the first sharp surge. Market data is more reliable than any interpretation: first, watch whether trading volume and price movement are in sync. What are your thoughts on the outlook?