HYPERLIQUID: A MAIOR TESE DE CRIPTO DOS PRÓXIMOS ANOS? | Crypto Never Sleeps #53

Watch on YouTube ↗  |  May 30, 2026 at 21:00  |  1:30:16  |  Market Makers
Speakers
Juan Montoni — Crypto analyst and entrepreneur

Summary

This episode of Crypto Never Sleeps features Juan Montoni explaining the Hyperliquid thesis: its decentralized perpetuals exchange, the HYPE token's deflationary buyback model, and regulatory developments. He also discusses risks, competition, and the importance of surviving in crypto.

  • Hyperliquid is a decentralized exchange for perpetual futures, handling 100k orders per second with $4.3T in volume.
  • HYPE token captures 99% of trading fees via buyback and burn, creating deflationary pressure.
  • Circle's acquisition of SDH adds ~$170M/year to the buyback fund, strengthening HYPE tokenomics.
  • The team has no VC investors, distributed 40% of supply via airdrop, and shows strong alignment with users.
  • Regulatory risks include potential SEC/CFTC actions, but Hyperliquid is building lobbying presence in the US.
  • Competitors like Lighter and centralized exchanges are mentioned, but Hyperliquid currently leads in open interest.
  • Juan emphasizes that crypto wealth comes from long-term survival, not quick gains, and warns against confusing luck with skill.
  • The video also touches on infrastructure concentration risk, AI-driven hacks, and the importance of controlling greed.
Trade Ideas
Juan Montoni Crypto analyst and entrepreneur 13:59
Deflationary buyback drives HYPE value.
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.
HYPE HIGH
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This Market Makers video, published May 30, 2026, features Juan Montoni discussing HYPE. 1 trade idea extracted by AI with direction and confidence scoring.

Speakers: Juan Montoni  · Tickers: HYPE