There are still fans asking about HYPE's views. If this asset wants to break the current market doubts, it must demonstrate the ability for rapid revenue growth. A token economic model lacking real income support is difficult to sustain.
Even if the team publicly promises not to sell, such statements lack effective constraints. The market needs rational predictions: daily sell pressure from unlocked tokens may arise.
Market confidence continues to weaken.
Since reaching an all-time high in July, HYPE's P/FDV:<fully diluted valuation ratio> has dropped by about 50%, reflecting a significant cooling of investor expectations for long-term valuation.
HYPE now faces two core issues:
It must first be able to make money: this project must prove that it can truly "make big money"; relying solely on slogans and promises is no longer sufficient.
Despite the team's statement of "we won't sell," the market generally does not believe it—after all, the unlocking period is approaching, and no one can guarantee that a large sell-off won't suddenly occur.
Because everyone has such concerns, the market confidence indicator has halved from the July peak.
