Interesting valuation out there! 🧐 Institution did probability-weighted FDV model — Fair price ∼$106 when price was only ∼$56 💰 They actually counted team unlocks unlike most models — Smart! ✅

Why bullish? For every $1 fee, $0.83 goes to buybacks! 🔥 Massive buyback machine! 🔄💵

But careful ⚠️ — Team tokens still unlocking! 📅 Oct 6: ∼9.92M HYPE unlock = $800M+ 💀 Huge supply!

Plus Sept 30: Hyperliquid Labs unstaked 3.75M & sold OTC to institution — Terms not disclosed! 🤫

Buyback vs Unlock battle! Watch that unlock!

#altcoins

Trade here

$HYPE

HYPEUSDT

Perp

93.74

+0.45%