Juan Montoni

HYPE token benefits from a deflationary mechanism where 99% of Hyperliquid's trading fees (currently ~$1M/day) are used to buy back and burn HYPE tokens. This reduces circulating supply, making each remaining token more valuable over time. The buyback effect is compounded by the platform's growing revenue, regulatory partnerships (Circle/USTC deal adding $170M/year in buybacks), and the team's alignment (no VC pressure, large airdrop to community). Juan believes this tokenomics is the most efficient in crypto for value capture and that time alone will drive HYPE to higher prices.