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imagine the smell once @tradexyz users get a big fat $HYPE airdrop programmed

As a HYPE bull during the Cambrian explosion of RWA perps, you should ask yourself the following questions: 1) if TradeXYZ left Hyperliquid tomorrow and launched their own exchange, where would you go to trade RWA perps? 2) if TradeXYZ launched a stock/token, how would you value HYPE differently? 3) what is the likelihood of #1 and #2? I don’t intend to be a bear, but I’m pretty confident in my answers to #1 and #2 and I’m not naive enough to say I (or seemingly any major allocator) knows the answer to #3. And before the .hl’s whine in my comments, this is not meant to slight either protocol, it’s to state a fact: TradeXYZ holds a large and growing amount of leverage over Hyperliquid.

9:41 AM · Jul 26, 2026 · 72K Views

19 Reposts 4 Quotes 468 Likes 54 Bookmarks

37 replies collected of 40 X reports

ChainBuilder.pro @Chainbuilderpro · Jul 26

@Cbb0fe @tradexyz hyperliquid is buying loyalty from the exact traders a new rwa perps venue would need to bootstrap liquidity

Drallio @Drallio · Jul 26 92K

@Cbb0fe @tradexyz imagine the smell at $cashcat $100 x.com/Drallio/status/208131436…

lil sulting (trade XYZ era) @im_insulting · Jul 26

@Cbb0fe @tradexyz this tweet is free

pakhom.hl @pakhomX · Jul 26

@Cbb0fe @tradexyz smells like sweat ramen and generational wealth

SV @SVdegenxyz · Jul 26

@Cbb0fe @tradexyz But what if things dont turn out as expected? Will everyone leave?

Dmitry @klimonchain · Jul 26 36K

@Cbb0fe @tradexyz lowkey cooked theres nothing left

Justdoit @mysucesstory · Jul 26

@Cbb0fe @tradexyz explosive

Guine.ETH @GuinevereFranc5 · Jul 26

@Cbb0fe @tradexyz the loyalty buying is blatant but everyone is already too deep in the ecosystem to care now

Maven.HL @MavenHL · Jul 26

@Cbb0fe @tradexyz Generational wealth

President Avie @aviehub · Jul 26

@Cbb0fe @tradexyz Possibly

Vivid.hl (equity perps era) @vividhl · Jul 26

@Cbb0fe @tradexyz Gen wealth for TradeXYZ cartel

x256.hl @x256xx · Jul 26 16K

@Cbb0fe @tradexyz Imagine the smell once the hip3 volume with growth mode on counts the same as crypto volume without it towards the HYPE S3.

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Steinreich @leveragebob · Jul 26

@Cbb0fe @tradexyz true, i mean why else would they have beta sign up

Havoc.hl 𝕏 @Havochl_ · Jul 26

@Cbb0fe @tradexyz we could just imagine

NiyiofWeb3🤝 @AmNiyi10 · Jul 26

@Cbb0fe @tradexyz It's gonna be glorious, the time we've all been waiting for.

Mosterin.SOL @Mosterin_0 · Jul 26

@Cbb0fe @tradexyz that rollout is going to be absolute chaos for the timeline

primus @primus1terpares · Jul 26

@Cbb0fe @tradexyz And they’ll call the cartel lucky

myst @mystcapital · Jul 26

@Cbb0fe @tradexyz more likely to happen than whatever he is saying

playrisk @playrisk · Jul 26

@Cbb0fe @tradexyz 👃

Findus @DusfinLas · Jul 26

@Cbb0fe @tradexyz If you use it with the hyperliquid interface too ?

scientist @0x_scientist · Jul 26

@Cbb0fe @tradexyz *inserts son meme*

Macro Bombastic @MacroBombastic · Jul 26

@Cbb0fe @tradexyz the real test is what happens after the airdrop settles

HYPEconomist @HYPEconomist · Jul 26 18K

@Cbb0fe @tradexyz positioned for this

Goku @hbh_zhr · Jul 26

@Cbb0fe @tradexyz Not gonna happen

Noob Digger @NoobDigger · Jul 26

@Cbb0fe @tradexyz The $HYPE airdrop is the biggest expectation for many people, so the chances of it happening are almost zero 🤣 The world can't have too many rich people at the same time 🤣

original · vi

@Cbb0fe @tradexyz $HYPE airdrop đang là kì vọng lớn nhất đối với nhiều người nên khả năng có xuất hiện gần như là không có 🤣 thế giới không thể xuất hiện quá nhiều người giàu cùng 1 lúc 🤣