$HYPE Jump into the short!! This afternoon's trade on the dip was sweet! The downtrend has just begun!
Big bad news just dropped!!
Bloomberg has just revealed a major scoop — CME and ICE, the parent company of the NYSE, are pressuring the US government for comprehensive regulation on Hyperliquid! The reason? Market manipulation and evasion of sanctions!
What does this mean? If the CFTC steps in, decentralized perpetual contract trading platforms without KYC or licensing might be forced to shut down and restructure, putting all on-chain funds under CFTC surveillance!
As soon as the news broke, $HYPE plummeted from above 45 to below 43, crashing over 6%! This is just the beginning! Institutions and market makers are pulling out overnight, and panic is spreading!
To make matters worse — on June 6th, 9.92 million core contributor tokens are set to unlock, valued at approximately $429 million! A token facing regulatory bad news is compounded by massive unlock selling pressure, and the whales are fleeing faster than you!
Tokenomics? Total supply of 1 billion tokens, with core contributors holding 23.8% — the whales themselves are the biggest hoarders! They pump it up just to dump at high prices; every unlock will result in a steep decline!
The technicals look grim: we've broken below the key support at $40, and short-term momentum has stalled! Resistance is strong at $45.77, while we’re heading down towards $34-35, or even this year's lows!
Market price, let's short it! 😊😊😊
$HYPE
#Hyperchain #做空时机 #监管利空