cp0x holds and has been buying more Hyperliquid (HYPE) tokens, including purchases around a price of 0.9, and sees no fundamental reason for a crash. Hyperliquid is the leading decentralized perpetuals exchange for TradFi markets (oil, gold), demonstrated an ability to quickly ship in-demand products, and has a strong, execution-focused team. Long HYPE due to its first-mover advantage in TradFi perpetuals, strong operational execution, and perceived undervaluation at current prices amidst overall market weakness. Intensifying competition from other perp DEXs, a failure to grow its ecosystem, or a broad crypto market downturn could impair growth and token performance.