Yes, yes, i read the memes and i agree that $hype is one awesome product. this is not against the product or the token in any way.

i’m not a technical trader. i don’t even understand how to read candlesticks. i’m just going to look at the supply and demand side of the equation here.

as mentioned in the other posts, the trading volume for $hype has been in the range of 600 million to 1 billion. that means, today, there’s a lot of demand. but that doesn’t mean it’s consistent. how can we tell?

simple, take a look at the market cap and the fdv. the one today is 20 billion while the other is 66 billion! hype’s current market cap is only ~40% of the fdv. meaning much of the supply is out of circulation.

this means it’s a steroids baby that hasn’t been tested yet. everything looks great on paper; its strong demand says we are definitely on the right path, but the supply is so low that a drop from other participants’ roi will lead to an avalanche of selling. if you were one of the lucky participants who received more than 3k $hype tokens from the airdrop, it’s only naturally to take some sweet profits.

if this product is as groundbreaking as we all think, those early $hype airdrop recipients will hold the coin long-term.

just a thought. this chart may look similar to solana’s during genesis (i know because i was a participant). memories of that panic selling are still fresh in my mind. solana’s was even better than this in terms of tokenomics.

on top of that, if you look at $hype’s historical price chart, you’ll see similar spike. this means maybe this is a pattern. one that goes for short-term gains before long-term stabilization. for now, would suggest investors only go back in if it dips below 5 usd or you have an even longer term vision of its potential.

remember, $hype has only been out for less than 48 hours. if its trajectory is to continue in its parabolic uptrend, let’s not forget about it’s own all-time high of 15,340 usd post-launch, you’ll be in a better position to bag those juicy 68,000% returns that early airdrops are experiencing right now! hype to the moon.

tldr: expect a dip below 5 or 15,340 usd in the next couple years as the market matures. hype has yet to be tested in a bear market and before its 15,340 all-time high post-launch. don’t fomo.

btw, i currently do not own $hype, but had at one point. i also do not own any hype derivatives at the time of this writing.

these are my opinions only. this is not financial advice.

i’m not a technical analyst.

do your research.

do not cocktail your crypto.

i’m a long-term investor.

do not confuse short-term trading gains with long-term trading gains.

long-term trading gains are always better than short-term trading gains.

so, please do your research.

hype effects.

thank you.

long live the degen society.

🏩🧉🏈🤟🌏🌏🌿