I'll be blunt.
Many view $HYPE as if it were still "the opportunity of the cycle".
I look at the market, not nostalgia.
When an FDV climbs to levels where asymmetry disappears, I cut.
Not out of fear. Out of logic.
An asset with no clear upside is just an overpriced lottery ticket.
And while everyone is discussing the top, I'm mainly looking at what's coming up behind:
New DEX perpetuals arriving with more traction, more hype, more narrative.
The flow never stays in one place for long.
Lighter is about to attract a massive amount of attention.
Other platforms are announcing revenues that are seriously starting to overshadow Hyperliquid.
When several new players become more desirable, liquidity migrates. It's always like that.
Is
#hype dead?
No.
Is this the time to jump on it like a madman?
Not for me.
I prefer to wait for the market to catch its breath.
I'm watching how the competition is sucking up the volume.
And if a 20–15 zone presents itself in the right context, then yes, I'll be interested again.
Not before.
Not now.
Not with so many projects capable of stealing the limelight.
Where do you stand on HYPE?
Still bullish, cautious, or already looking towards the new DEX perpetuals?
#educational_post #Hyperliquid