roundtripped Ω

roundtripped Ω Verified account @roundtrippedcap · Jun 30, 2025

2iq thoughts regarding $HYPE:

mid-curve opinion seems to be $HOOD / $COIN taking all the market share away etc

there is a world where the future success of popular CEXes like hood/cb is actually co-aligning with Hyperliquid's success as the #1 DEX

if you look at Robinhood getting repriced to binance levels/12 fig valuations the trend is clear: people are voracious to bid on degeneracy/revenue generated through degeneracy. The "max long degeneracy in the coming years" thesis stands for now

having an open book is beneficial for the space and Hyperliquid managed to bring institutional interest back to crypto just like stablecoins did (tether especially in recent years); market seems to price that in currently and they are actually somewhat believing again in sth that came out of crypto - a revenue generating protocols with real users and their tendency to risk everything like we saw on that James Wynn saga.

HyperEVM/HyperCore tech aside, the race is on for Hyperliquid to get accepted broader outside crypto - bringing stocks/options on-chain in the most liquid way we ever saw

PA wise this does +10%/-10% candles but fascinating thing is variance of investors are accepting it as spot play again. Last time we saw that spot interest was probably SOL around memecoin mania - timeframe much higher than avg VC dumping locked tokens

TL;DR: there is a world where $HYPE still succeeds as a long-term top 5 token (excluding stablecoins)

h/t @insomniacxbt

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roundtripped Ω Verified account @roundtrippedcap · May 26, 2025

*STORY PROTOCOL MADE WHOPPING 4 US-DOLLARS IN LAST 24 HOURS

yeah, zero incoming for $IP

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