The Hyperliquid team is actually a 1/1 and Arthur Hayes doesn’t operate the way they do. Don’t think he can imagine operating at their level. No plebes to run over.
Ser just some simple maths will tell you the only way $HYPE overcomes the uncertainty is massively growing rev. Even if the team pinky swears to not sell, there is nothing holding them to that. So you have to assume a >0% amount of daily sell pressure. The market is already discounting this bc, P/FDV fell 50% since the price ATH in July.
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