fully diluted valuation doesn't matter in the short run
only once the market begins to anticipate the impact (usually a month out from major unlocks, but hype vesting schedules are mostly linear)
in the long run, he's right
in the short run, the market cap is $15 billion, not $50 billion at these prices
it would be ridiculous to expect the market cap to flip ETH or even SOL
but the fully diluted valuation isn't the same thing, in the short run
To the haters: I love Hyperliquid. I genuinely appreciate everything they've built and honestly believe it's one of the best projects in all of crypto.
But seriously - who’s buying $HYPE at nearly $50B? How is the risk/reward ratio still even remotely reasonable here?
If you think this is going to $500B, I’d actually love to hear a constructive take on why you believe it’ll be worth more than $ETH and $SOL combined.
And if you don’t think it’s going to $500B, then what the hell are you even doing?
hyperretardio
tldr: $hype 2-4x from here isn't crazy, but don't expect the unlocked market cap to go much higher than that in the long run
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