![Is Trade[XYZ] Existential To Hyperliquid?](https://pbs.twimg.com/media/HLwog_QXkAAoCl0.jpg)
gut says we get cheaper prices on coins soon
shopping lists at the ready
if I have to summarize what The PRL thesis really is post listenting to all the chads on the TL talk about it over the last few months, it would be:
GPUs doing AI inference or training can mine PRL as a side effect of the same forward pass, so PRL issuance meters real AI compute
Real?
they will literally post every KPI except OI because it is so low that you'd GAWK at the $40B valuation
Single stock perps (SSPs) are here. And they're a truly great product. You don’t need to pay rollover fees like with futures, they’re simpler to trade than options, and you can go short just as easy as you can go long.
This is one of the most consequential products we’ve launched and I couldn’t be more proud of the team that worked for over a year to bring them to life. Just this morning, since the stealth launch, our users traded over $300m.
Grateful to be the ones bringing these to America in a regulated way 💚
Think the market still needs to digest what happened yday, and much of that will depend on how NY open is for stocks today. Many chads stepped in to buy from forced sellers yesterday. However, the strength from certain tokens is unmistakable - don't forget these tokens if BTC breaks below 75k
while yesterday was happening, I was watching every single name, every chart, all on @HyperliquidX via @tradexyz
was actually incredible. @tradexyz / hip-3 had its highest volume day ever as well.
wild day in markets yesterday. incredible strength from LIT and ZEC, and surreal fear across the alt complex.
also, this is why u always keep cash
If you believe that political catalysts for our universe of tokens have taken a slight hit with the midterm blue sweep (personally, I think it makes 0 difference), then you definitely only want to stay in tokens that have positively skewed flows.
This means it is time to start applying discounts to tokens with massive inherent net negative flows via team and VC unlocks.
There are exceptions (i have mine), but by and large you don't want to handicap yourself
If you believe that political catalysts for our universe of tokens have taken a slight hit with the midterm blue sweep (personally, I think it makes 0 difference), then you definitely only want to stay in tokens that have positively skewed flows.
This means it is time to start applying discounts to tokens with massive inherent net negative flows via team and VC unlocks.
There are exceptions (i have mine), but by and large you don't want to handicap yourself
USDai (CHIP) with -$45M in net outflows.
Another token that is not really cared for by the team behind it. There will be no, long term, willing buyers for tokens like this. Book it.
this list can go on and on but I hope u get the point I am trying to make. There's infinite tokens - you should own the ones where the team makes an effort to treat the asset of their protocol as pristine and not as a perpatual piggy bank.
The data is all onchain, and if you need it plainly, its on @inflecta_io
ENA with -$150M over the last year
I think ENA is a super reflexive asset, and will likely be one that performs really well in a bullish regime, as I have previously tweeted. They have also pulled forward a ton of their overhang from investors (not all of it though), however, it still remains one that should be discounted given how many fucking tokens it has dumped in the last year.
the flows for this one look omega cursed.
There's like $200M+ of HYPE stuck on Binance, they have not opened withdrawals. There was/is no doubt in my mind that a post-hack binance is dangerous for the overall crypto market, but this feels like taking advantage of an adverse situation to also drag a competitors token price down.
when u corner a rat, they get dangerous
Hyperliquid did ~8-9x the buybacks PUMP did over the last 24 hours. Like many PUMP bulls that would often reference the 24h revenue list on DeFiLlama on days it outdid HYPE by a few hundred k, I too am doing the same.
I hope u now understand why one is multiples cheaper than the other.
