$HYPE jumped over 7% in 24 hours, with ETF-driven momentum pushing its market cap back toward $11B 👀 The Bitwise ETF narrative is accelerating attention, while liquidity continues to concentrate across major venues 🔥 5 Year $HYPE Burn Effects (Model Assumptions): * 2.25% staking inflation * 2025 fees used as baseline * 99% fees routed to buybacks * 15% CAGR growth assumption * 25x P/E supply valuation framework Projected impact over 5 years: 📉 ~6.9% total supply burned 📉 ~13.2% outstanding supply removed This creates a strong long-term scarcity narrative if fee capture sustains 📈 On the trading side, $HYPE is showing real strength: 📊 1 in perps volume 📊 1 in spot volume today Bitget currently leads centralized exchange spot liquidity for $HYPE ($105M vs Bybit $74M), making it a key execution hub for price discovery 🔥 Momentum + supply reduction narratives rarely align this strongly at once. #HYPE #HypeETF