$HYPE is like buying $SOL in 2023
Current Supply Weighted PE for HYPE is almost back to the long-term mean of 4.5x. This should tell you a couple of things: 1) HYPE still has a big repricing to do (call me when SWPE goes above 10x). 2) Sellers can't force a downtrend when revenue is this high. 3) 100k HYPE tokens in daily buybacks while Ready-for-Sale is at All Time Lows ~95M = cheap. Time will tell. Hyperliquid.
Show original
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.