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Feb 17
|
|
$29.55
$28.94
-2.1%
|
LONG
|
Avi Felman
Principal at GoldenTree / Crypto Portfolio Manager
|
"This is the dot com implosion moment where your pets.com goes to zero, but everything else ends up going up... things like Morpho and things like Uniswap... things like Hyperliquid that are generating real capital." The crypto market is bifurcating. Speculative assets with no revenue are entering a deep bear market. However, protocols that generate actual fees and have product-market fit (Hyperliquid, Uniswap, Aerodrome) are currently being dragged down by the broader market beta but represent the "Amazon" opportunities of this cycle. Long high-quality DeFi protocols with real revenue. A prolonged "Crypto Winter" (9-18 months) drags all assets down regardless of fundamentals. |
1000x Podcast
AI Capex Meets SaaS Apocalypse, 18-Month Bear...
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|
Feb 17
|
|
$29.55
$28.94
-2.1%
|
LONG
|
Avi Felman
Principal at GoldenTree / Crypto Portfolio Manager
|
"Hyperliquid is trading as much volume as Coinbase now... Uniswap are getting bought up by large institutions... these things are actually generating real revenues." This is the "dot-com implosion moment" where 99% of projects die (Pets.com), but the real businesses (Amazon) survive. Protocols generating actual cash flow and volume are being dragged down by the broader crypto bear market, creating a deep value opportunity. Long DeFi protocols with real revenue/volume (Uniswap, Hyperliquid, Aerodrome). Regulatory crackdowns on DeFi interfaces or a prolonged 18-month "crypto winter" that suppresses all assets regardless of quality. |
1000x Podcast
Bitcoin Is Either Going To Zero Or A Million
|
|
Feb 16
|
|
$31.15
$28.94
-7.1%
|
LONG
|
Zach Pandl
Grayscale
|
Zack states investors should focus on "mega trends" in crypto: Regulatory clarity driving Stablecoins/Tokenization, and "The 3 Ps" (Privacy, Prediction Markets, Perpetual Futures). He explicitly names Ethereum, Solana, Chainlink, Zcash, and Hyperliquid as beneficiaries. While the broader market is de-risking, capital will concentrate in protocols that provide the infrastructure for these specific high-growth verticals. ETH/SOL/LINK capture the tokenization/stablecoin layer, while ZEC/HYPE capture the innovation in privacy and derivatives. LONG these specific assets as structural winners of the "Differentiation Trade." Continued correlation with the broader Tech/Growth equity sell-off. |
Unchained (Chopping Block)
Does Bitcoin Win or Lose In The Great AI-Tech...
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|
Feb 13
|
|
$31.46
$28.94
-8.0%
|
AVOID
|
Namik Muduroglu
Columnist, Milliyet
|
When asked about the pre-market perpetuals trading on Hyperliquid (around 13 cents), Namik explicitly states, "We had nothing to do with any of the premarkets... it's relatively illiquid... speculators will speculate." The founding team is actively disregarding the price discovery happening on pre-market venues. They are structurally delaying the token to align it with *future* metrics ($500M TVL, etc.). Buying pre-market now is gambling on a valuation that the team itself is trying to actively manage and potentially reset via their KPI-based launch strategy. Avoid pre-market speculation; the price is disconnected from the team's internal milestones. The token launches significantly higher than current pre-market prices due to massive hype. |
Unchained (Chopping Block)
Why MegaETH Is Delaying Its Token Launch Afte...
|
|
Feb 11
|
|
$29.49
$28.94
-1.9%
|
LONG
|
Joy Pathak
Wizard of Soho (crypto analyst)
|
"Dexes like Hyperliquid... have completely changed the game." Volumes are shifting to decentralized perps because they offer transparency on leverage that TradFi/CEXs cannot. As traders demand transparency post-FTX and post-market crashes, volume is structurally migrating to high-performance on-chain perp engines. Hyperliquid is capturing this "DeFi Derivatives" market share. LONG. It is the infrastructure play for the "return of the degens" and transparent leverage. Smart contract risk or regulatory crackdowns on DeFi interfaces. |
CoinDesk
Inside the Future of Digital Assets at Consen...
|
|
Feb 11
|
|
$29.49
$28.94
-1.9%
|
LONG
|
Chris Perkins
President, CoinFund
|
Chris notes that Hyperliquid has come "out of nowhere and just dominates derivatives," while Solana (designed as the decentralized NASDAQ) missed this vertical. In traditional markets, derivatives always "eat" spot markets (e.g., ICE buying NYSE). If Solana cannot solve for derivatives, value and liquidity will migrate to purpose-built derivatives chains like Hyperliquid. Long Hyperliquid as the winner of the on-chain derivatives market share. Regulatory crackdowns on decentralized derivatives platforms. |
Unchained (Chopping Block)
Would BlackRock Try to Save Bitcoin From the ...
|
|
Feb 09
|
|
$31.36
$28.94
-7.7%
|
WATCH
|
Matthew Sigel
Head of Digital Asset Research at VanEck
|
Sigel mentions Hyperliquid as "one of the better performing tokens this year" but notes "they don't have an ETF yet." VanEck is constantly scouting for the next token to wrap. By explicitly naming Hyperliquid in the context of ETF table stakes, he implies it is on the radar for institutional products once it matures. WATCH. Accumulate on dips in anticipation of future institutional access products. Failure to decentralize or regulatory hurdles preventing an ETF listing. |
The Block
VanEck's AVAX thesis: product-market fit, eco...
|
|
Feb 06
|
|
$32.51
$28.94
-11.0%
|
LONG
|
Thread Guy
Crypto Commentator / Streamer
|
During the Bitcoin crash to $60k, Hyperliquid (HYPE) held the $44 level and did not break down significantly. Weekly revenue is ~$30M compared to competitors at ~$10M. Relative Strength. When an asset refuses to drop during a market-wide panic, it indicates massive demand. HYPE is "decoupling" from BTC price action based on revenue fundamentals. It is acting as the "leader" of the recovery. LONG. Target implies "easy road" begins above $44. A broader market failure where BTC drags everything down regardless of revenue. |
Thread Guy
It’s NOT over!? Crypto is bouncing? - Market ...
|
|
Feb 06
|
|
$32.51
$28.94
-11.0%
|
LONG
|
Joshua Lim
Global Co-Head of Markets at Falcon X
|
Hyperliquid is generating ~$4M/day in revenue (top 3 in crypto alongside Tether/Circle) and conducting token buybacks. Volumes are hitting $3-4B/day. While crypto prices dump, volatility in *Real World Assets* (Gold/Silver) is driving traders to on-chain perps. Hyperliquid is capturing the fees from the Gold/Silver mania, making it a "safe haven" for liquid crypto funds that are mandated to hold tokens but want exposure to a revenue-generating asset. It is one of the few assets decoupling from the broader crypto dump due to real yield from non-crypto asset trading. Regulatory crackdown on decentralized perp exchanges; a drop in Gold/Silver volatility reducing trading fees. |
Unchained (Chopping Block)
'No More Dry Powder to Come Into Tokens': Why...
|
|
Feb 04
|
|
$36.00
$28.94
-19.6%
|
WATCH
|
Mando
Professional Trader / Macro Analyst
|
HYPE is the "only place people are hiding" in crypto. It is a crowded trade. Mando took profits but wants to rebuy below 30. Because it is the consensus "safe haven" in crypto, it is prime for a "hunter" liquidation event. Market makers will likely flush the weak longs hiding there before the next leg up. WATCH. Wait for a flush (sub-30) to re-enter. Platform risk; regulatory crackdown on DEXs. |
Thread Guy
Crypto has CRASHED. Is it OVER? Will it bounc...
|
|
Feb 04
|
|
$36.00
$28.94
-19.6%
|
LONG
|
Austin Campbell
Host / Moderator
|
"Clearly, the price discovery is actually happening on internet capital markets now... Hyperliquid volumes on silver and gold are exploding." Traditional finance (CME) raised margins on Gold/Silver and closed on weekends during a volatility spike. Traders migrated to Hyperliquid (DeFi) to manage risk 24/7. This proves "product market fit" for DeFi derivatives over TradFi rails. LONG. Platforms facilitating permissionless, 24/7 trading of real-world assets (RWA) are stealing market share from legacy exchanges. Regulatory crackdown on DeFi derivatives; smart contract risk. |
Unchained (Chopping Block)
Crypto Markets Are Down Bad. Are DATs to Blam...
|
|
Feb 04
|
|
$36.00
$28.94
-19.6%
|
LONG
|
Kain Warwick
Founder of Infinex / Founder of Synthetix
|
Warwick explicitly names Poly Market and Hyperliquid as examples of apps where "demand is super high" but "barriers are still high." He notes that once friction is removed, using them becomes a "no-brainer." Infinex is effectively a "frontend aggregator." It does not replace these protocols; it routes volume to them. If the Super App thesis works, the underlying "best-in-class" derivatives and prediction protocols (Backend) will see a surge in volume from users who previously couldn't figure out how to bridge/swap to use them. Long the underlying protocols that Infinex integrates. Regulatory crackdowns on prediction markets or derivatives; failure of the frontend aggregator to gain traction. |
The Block
The case for a crypto super app in a multi-ch...
|
|
Feb 03
|
|
$32.68
$28.94
-11.4%
|
LONG
|
Thread Guy
Crypto Commentator / Streamer
|
The speaker is explicitly long HYPE (entries at 35 and 37). He notes it broke a key resistance level (35) with the highest volume since March 2025. While the rest of crypto is dumping, HYPE is the only asset benefiting from the "rotation to metals." Why? Because traders are using Hyperliquid as the *venue* to trade Silver, Gold, and Copper. It captures the fees and attention of the current volatility, acting as a hedge against the broader crypto downturn. Long as a "venue bet" on volatility. A drop below $30 invalidates the thesis (Max pain scenario is $18). |
Thread Guy
Trump RUINED Crypto..? + Market Updates & New...
|
|
Feb 03
|
|
$32.68
$28.94
-11.4%
|
LONG
|
Jordi Alexander
Founder/CIO, Seleni Capital
|
Jordi states Hyperliquid is "probably the only thing... that's done tremendously well." Zaheer notes that trading (DEXs) is the only sector that actually feels "futuristic" and solves real problems. Hyperliquid is capturing the "Commodity Super Cycle" volume by allowing on-chain traders to trade Gold/Silver (XAU) with leverage. While the rest of crypto is boring, Hyperliquid is monetizing the volatility occurring in traditional assets. It has achieved Product-Market Fit where L1s have failed. LONG. It is the market leader in the only vertical (Perps/DEX) currently showing growth and revenue. Regulatory crackdowns on permissionless derivatives platforms. |
The Block
Is crypto dead, or is there hope for 2026? Wi...
|
|
Feb 03
|
|
$32.68
$28.94
-11.4%
|
LONG
|
Jake Ostroskis
Head of OTC Trading at Wintermute
|
Hyperliquid is launching HIP-3 (Permissionless Perps for RWAs like Silver/Stocks) and HIP-4 (Prediction Markets). The chain is generating significant volume and fees, yet is considered "undervalued" relative to peers. In a market starved of organic yield, protocols with "genuine revenue" and "buyback mechanisms" become the only defensible investments for institutional committees. Hyperliquid's speed of execution (bypassing slow DAO governance) allows it to capture market share from slower incumbents like PolyMarket or Coinbase. LONG the ecosystem/token. It is the "only exciting thing" in the current market structure. Regulatory crackdown on permissionless derivatives; technical failure in oracle pricing for RWAs during off-market hours. |
The Block
Prediction markets and permissionless perps o...
|
|
Feb 03
|
|
$32.68
$28.94
-11.4%
|
LONG
|
Jonah Van Bourg
Global Head of Trading at Cumberland (Implied role based on context/history)
|
Hyperliquid is trading ~$31 (up 50% recently) while the rest of the market nukes. Volumes on the exchange are hitting billions, rivaling traditional finance venues. "Usage is King." In a bear/choppy market, revenue-generating infrastructure outperforms speculative assets. Hyperliquid is capturing market share from both crypto (CEXs) and TradFi (commodities/stocks on-chain). Jonah explicitly mentions selling "out of the money" Bitcoin tax lots to rotate into HYPE. High conviction Long. It is viewed as the "Google/Coinbase" of this cycle—a product with genuine product-market fit regardless of asset prices. Regulatory intervention (though mitigated if Trump administration is lenient) or competition from other DEXs. |
1000x Podcast
Is BTC A Buy, Metals Crash, Hyperliquid RWAs,...
|
|
Feb 02
|
|
$33.53
$28.94
-13.7%
|
LONG
|
Thread Guy
Crypto Commentator / Streamer
|
ThreadGuy states that Robinhood is "getting destroyed" and down significantly from ATHs, while Hyperliquid is capturing market share. Hyperliquid is successfully vampire-attacking traditional fintech by offering trading on assets people actually want (including metals and prediction markets) with better user experience. It is becoming the "winner take all" of the perp dex sector. LONG. It is displacing legacy retail trading venues. Regulatory crackdowns on decentralized derivatives platforms. |
Thread Guy
Crypto is in TROUBLE.. and only ONE THING can...
|
|
Feb 02
|
|
$33.53
$28.94
-13.7%
|
LONG
|
Jonah Van Bourg
Global Head of Trading at Cumberland (Implied role based on context/history)
|
Hyperliquid volumes are trending up significantly, trading billions in real-world assets (Silver/Gold) and crypto. The token is up 50% recently despite the market crash. In crypto, "usage is king." Hyperliquid is capturing market share from traditional exchanges (like Nasdaq) and crypto competitors because it is a superior product with no supply overhang. It is transitioning from a "crypto play" to a revenue-generating financial infrastructure play. High conviction Long. Jonah suggests selling underwater Bitcoin positions to harvest tax losses and rotating that capital into HYPE. Regulatory intervention (though Trump administration perceived as favorable); competition from other decentralized exchanges. |
1000x Podcast
Metals Crash & Bitcoin Breaks $80k
|
|
Feb 01
|
|
$30.95
$28.94
-6.5%
|
WATCH
|
Taiki Maeda
Crypto Trader / Analyst, Host of Taiki Maeda Channel
|
- Hype (Hyperliquid): "Metrics have been going straight up... tokenized equity." - Pendle: "Hitting new all-time highs in Open Interest (OI)." - Aave: "Sub $2B market cap... buying back tokens." - Uniswap: "Introducing buybacks." The "K-Shaped Recovery" thesis. While the general market dumps, protocols with actual revenue, buybacks, and growing usage metrics (OI/Volume) are decoupling from "vaporware." These are the potential "Carvanas" (assets that fell 90% but have the fundamentals to recover). WATCH / ACCUMULATE. The speaker is shifting from 100% short to a mix of cash and spot accumulation in these specific names. General market beta; if ETH collapses further, these assets will likely be dragged down temporarily despite good fundamentals. |
Taiki Maeda
Shorting Ethereum: My Life-Changing Trade
|
|
Jan 30
|
|
$30.47
$28.94
-5.0%
|
LONG
|
Jordi Alexander
Founder/CIO, Seleni Capital
|
Jordi states Hyperliquid is "probably the only thing that's really come out of recent times that's done tremendously well." Zaheer notes that "the second highest liquidation event was on XAU [Gold] on Hyperliquid." The market is suffering from "financial nihilism" and a lack of organic crypto use cases. However, the demand for leverage and trading remains constant. Hyperliquid has successfully captured the "Commodity Super Cycle" flow by allowing seamless on-chain trading of Gold/Silver/S&P500. It is effectively replacing the "casino" function of centralized exchanges with better UX. LONG. This is the clear winner of the "Product Era." It creates actual revenue and captures the volatility migrating from alts to commodities. Regulatory crackdown on permissionless derivatives; failure of the "HIPP3" permissionless market structure. |
The Block
Is crypto dead or is there hope for 2026? Wit...
|
|
Jan 29
|
|
$30.79
$28.94
-6.0%
|
LONG
|
Thread Guy
Crypto Commentator / Streamer
|
Amidst a broad crypto sell-off, ThreadGuy notes HYPE is the "only chart that looks impressive" and is printing higher lows. This is a "flight to quality" within the crypto ecosystem. When the general market (Beta) is weak, capital condenses into the few assets with genuine product-market fit and revenue (Alpha). Hyperliquid is acting as the idiosyncratic winner. LONG. Relative strength in a bear market is the strongest signal for leadership in the next bull run. If the broad crypto market capitulates further, HYPE will eventually be dragged down by correlation. |
Thread Guy
The KreekCraft Interview - Exposing Roblox's ...
|
|
Jan 29
|
|
$30.79
$28.94
-6.0%
|
LONG
|
Ryan Watkins
Co-founder, Syncracy Capital
|
Watkins highlights that Hyperliquid has seen "extraordinary" growth, doing billion-dollar volume days in equity and commodity perpetuals. There is clear Product-Market Fit (PMF) for trading real-world assets (stocks, commodities) with leverage directly on-chain. Unlike other sectors struggling for utility, users actively want this *now*. This sector is capturing volume from traditional brokers and centralized exchanges. High conviction Long. This is one of the few sectors with actual growing revenue and user demand in the current market. Regulatory crackdowns on offering unregistered derivatives/equities on-chain. |
Unchained (Chopping Block)
Why Crypto Expectations Are Low but the Poten...
|
|
Jan 29
|
|
$30.79
$28.94
-6.0%
|
LONG
|
Tom Schmidt
General Partner at Dragonfly
|
Trade.xyz (built on Hyperliquid) is seeing volume that rivals the global spot silver market ($30B). 8 of the top 10 markets on the platform are now RWA perps (commodities/indices), not crypto. This validates the "Hip 3" (Hyperliquid) thesis. If DeFi is successfully capturing market share from traditional commodity brokers (CFDs) and attracting mobile-first retail traders, the underlying infrastructure tokens (Hyperliquid) and application tokens (Trade.xyz) will re-rate significantly. LONG. This is a structural shift in where retail trades commodities. Regulatory enforcement against "bootleg" synthetic assets in the US. |
Unchained (Chopping Block)
Crypto Is Boring… So Everyone’s Levering Silv...
|
|
Jan 28
|
|
$34.38
$28.94
-15.8%
|
LONG
|
Thread Guy
Crypto Commentator / Streamer
|
Hyperliquid (HYPE) is seeing massive volume ($1B on Silver pair in 24h) and deeper liquidity than Binance on BTC pairs. Pump.fun (PUMP) executed a $2.3M buyback in a single day, the highest since September. These assets represent "Ideology Coins" backed by massive revenue and buybacks. The thesis is that capital isn't flowing to "governance tokens" but to protocols that act as liquidity black holes and actively reduce supply. HYPE is winning the "TradFi on Crypto Rails" narrative. LONG. The speaker views these as the two strongest assets on-chain. HYPE has already pumped 70% in a week; chasing parabolic moves can lead to drawdowns. |
Thread Guy
The Insider Kid Who Stole $40,000,000 of Cryp...
|
|
Jan 27
|
|
$31.00
$28.94
-6.6%
|
LONG
|
Thread Guy
Crypto Commentator / Streamer
|
Pump.fun bought back $2M worth of their token yesterday (a record since Sept 2025). Hyperliquid (HYPE) is up ~20% with sustained volume, decoupling from the broader market. The market has realized that "governance tokens" are value-destructive. Capital is rotating aggressively into "Equity-like" tokens that perform autonomous, smart-contract-enforced buybacks using real revenue. HYPE and PUMP are the market leaders in this "Buyback/Revenue" narrative. LONG. Thread Guy has already sized into PUMP (front-running a technical breakout) and views HYPE as the leader of this new asset class. Regulatory crackdowns on tokens acting like securities/equities; "Rug pull" risk if revenue dries up. |
Thread Guy
Bitcoin is about to PUMP...? Crypto Onchain i...
|
|
Jan 27
|
|
$31.00
$28.94
-6.6%
|
LONG
|
Avi Felman
Principal / Portfolio Manager at GoldenTree (Implied role based on context/history)
|
Avi argues "Crypto is dead" as a sector, but specific fintech-adjacent protocols like Hyperliquid are generating massive revenue and have worked through supply overhangs. As the market matures, speculative "governance tokens" will die, and value will accrue solely to protocols that function like equities (generating cash flow/revenue). LONG. Focus on revenue-generating infrastructure rather than narrative plays. Regulatory crackdowns on DeFi protocols that act like unregistered securities. |
1000x Podcast
When Will Metals Top?
|