Besides $ENA, the best altcoin TCOs are $BNB and $HYPE in my opinion.
BNB has two major TCOs that are buying:
- Nano Labs (via a $500 million ATM).
- Windtree (via a secured line of 520m).
Nano is buying OTC, and it might take Windtree a little bit longer to prepare.
Either way, this explains why $BNB is at an all-time high. I also have some $CAKE.
Once again, Giver made a great call; he is always faster than I when it comes to researching this stuff.
Regarding $HYPE, there are also two entities that you should be aware of:
- Lion Group: $600 million facility
- Hyperliquid Strategies: $888 million deal.
The Hyperliquid strategy (i.e. the Sonnet BioTherapeutics merger) may take a little longer to start buying, but they will have ~$300 million in cash.
However, Lion Group has already made its initial purchase of $10.6 million.
Interestingly, three unconnected whale wallets longed $HYPE with large positions this weekend.
This could be an indicator — perhaps insiders are front-running something significant?
Either way, I have a decent $HYPE spot bag.
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