Juan Montoni

Crypto is maturing from adolescence to adulthood, with clearer regulation ahead bringing institutional capital. The bear market is the time to accumulate, and the next bull market could be the largest ever. Investors should accumulate over the next six months regardless of further price declines.

Pendle's tokenomics are now more efficient and investor-friendly after changing from illiquid vesting up to 4 years to liquid staking with 80% fee distribution; the token price is now more fairly aligned with TVL. The protocol dominates 90-95% of the yield trading market, and as regulation (Clarity Act, SEC/CFTC openness) enables traditional fixed income and tokenized assets to access DeFi, Pendle will gain massive traction and could become the general yield optimization layer, driving token demand.

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.