Data: Hyperliquid burned over 21,000 HYPE in the past 24 hours, worth approximately $1.66 million
I usually look at project news on three levels:
1) Substance: Is it actually being delivered, or is it just a plan?
2) Token supply: Will there be any new unlocks? Is the supply increasing?
3) Data: Is TVL likely to improve from here?
$HYPE is currently at 79.06, up 1.68% over 24 hours. This is somewhat positive, but it's rare for all three levels to check out.
The news is just the starting point; how the price votes is the real answer.
I usually look at project news on three levels:
1) Substance: Is it actually being delivered, or is it just a plan?
2) Token supply: Will there be any new unlocks? Is the supply increasing?
3) Data: Is TVL likely to improve from here?
$HYPE is currently at 79.06, up 1.68% over 24 hours. This is somewhat positive, but it's rare for all three levels to check out.
The news is just the starting point; how the price votes is the real answer.