The biggest surprise today was that $HYPE was actually in the green.
With the broader market looking like this, it burned through $1.53 million worth of tokens in 24 hours, bought back 21,200 coins at an average price of 72.31, and ranked first in on-chain protocol revenue yesterday. When real money is coming in, there are buyers to support the price. But at around 72, the next five years are probably already priced in, so I don't really dare chase it.
$BNB fell quite a bit less than the broader market, making it the most resilient of the three. But if the market really takes a dive, it'll still follow. What gives me confidence is the quarterly burn—the supply is gradually being reduced, while the balance sheet slowly recovers. And the way they handled that hack, putting up $6.3 billion to cover the losses, is something the market remembers.
$OKB is a bit underwhelming. It rallied today, then fell back, and the rebound lacked strength. In tokenized stocks, Kraken has taken the lead with over 1,500 assets. The joint venture between OKX and ICE won't open to U.S. users until the 23rd, and will offer only a little over 70 tokenized stocks. This will be a tough fight.
The weaker the market gets, the more those with something real to offer stand out.
With the broader market looking like this, it burned through $1.53 million worth of tokens in 24 hours, bought back 21,200 coins at an average price of 72.31, and ranked first in on-chain protocol revenue yesterday. When real money is coming in, there are buyers to support the price. But at around 72, the next five years are probably already priced in, so I don't really dare chase it.
$BNB fell quite a bit less than the broader market, making it the most resilient of the three. But if the market really takes a dive, it'll still follow. What gives me confidence is the quarterly burn—the supply is gradually being reduced, while the balance sheet slowly recovers. And the way they handled that hack, putting up $6.3 billion to cover the losses, is something the market remembers.
$OKB is a bit underwhelming. It rallied today, then fell back, and the rebound lacked strength. In tokenized stocks, Kraken has taken the lead with over 1,500 assets. The joint venture between OKX and ICE won't open to U.S. users until the 23rd, and will offer only a little over 70 tokenized stocks. This will be a tough fight.
The weaker the market gets, the more those with something real to offer stand out.