Is Hype worth 1/10th of ETH?
Likely not.
It's 100% centralized playing decentralization theater.
And getting heavy competition from Coinbase.
That's because it's weak.
A lot of $HYPE weakness is potentially coming due to unlocks in Nov tldr
~10M Hype tokens unlocked per month ~$400M
~Current monthly HYPE revenue is ~$120M
This makes the unlocks significantly higher than revenue
But if history rhymes:
- weakness months leading into unlocks
- strength right before the unlocks
- team changes unlock schedule
- team relocks
The above has been observed for countless projects; confident that $HYPE GOAT'd team will surprise all
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