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!
Trade here
HYPEUSDT
Perp
93.46
+0.78%