$HYPE OI flushing on each pullback (still around 10/10 levels) while relentless spot TWAPs continue to remove supply. This spot driven rally is one of the healthiest rallies i’ve seen in years. SO MUCH HIGHER Higherliquid. x.com/smartestmoney/status/206…
I did see many people looking for the 30's and 40's. But I think what they failed to realize is that OI fully unwound the buildup it had but price ended up $15 higher due to spot buys from the AF and PURR buying a few hundred million. The supply doesnt exist bc it was removed. hence the $15 net difference at the lows. Every single action that is ever taken on Hype, accrues values to it's holders. Trading, sending receiving, soon 3.5% of USDC supply and then Purr is a dat. 2m per day on average buys and burns in a bear market for crypto. Which Hype is now making sure it isn't attached to just one market. and 2m in a day doesnt really move the needle vs short term flows, but over a year it will have a large impact. combine aqav2 and AF and you have a billion in buys and burns coming in the next year alone assuming no growth and excluding purr
· 44K Views
