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Called this back in December. $HYPE has since almost 2x'd from those buy zones.
But the price is almost secondary to what's actually played out.
The thesis was always about HIP-3 opening new revenue avenues leading to more buybacks. That flywheel is now very much active.
- HIP-3 now represents 40-45% of Hyperliquid's total trading volume consistently.
- Open interest recently hit $2.3B.
- Daily revenue touched $4.3M earlier this year with 97% of fees flowing straight into $HYPE buybacks and burns.
HIP-3 is now turning hyperliquid into a24/7 trading layer for everything - tokenized stocks, indices, commodities, oil, gold.
If the momentum continues along with fundamentals, can expect it to break ATHs pretty soon & eventually enter top 10-20 rank.