Although the drop of $BTC has stopped and signs of recovery are visible, HYPE still saw a decline of more than 11% yesterday. What is happening?

Looking at the cash flow data of $HYPE for 30 days, it becomes evident that despite the project aggressively buying back tokens from its revenue, the net inflow is still more than 882 million negative.

➡️ In the current market conditions, the buyback strategy of $Meta has not been as effective as before.

But in the long term, HYPE is still one of the major players with BTC and $ETH that should not be overlooked. The project's current P/E ratio is only 26.3.

The project’s fair value estimation falls between a P/E ratio of 10–15 — this is the price zone that is considered almost certain to yield profits in the long run.