My brief thoughts on the Hyperliquid team unstaking a minuscule portion of their $HYPE, after having witnessed their level of execution and integrity for the past 2.5yr: 1. The norm for ecosystem-level foundations is to “strategically” dump on your fucking head, typically on a vocal scale ranging from either a) “we’ve diversified our treasury” to b) “….🦗….” (you’ll never know) — e.g. the Ethereum Foundation, who’s sold millions of ETH over the years continuously, along with countless other ecosystems. Hyperliquid has set a new standard for the industry entirely, whether anyone cares to admit or not — notice all the abrupt changes to suddenly buyback tokens? Very, very far from a coincidence. 2. Even if the entire 2.6m HYPE clip were to hit the books on the opening block of their cliff — there is no team on planet earth, let alone this industry, that deserves to FSH their fair share more than them. Hyperliquid has defied gravity on every material scale possible. They’ve forgone nearly a billion dollars in CASH they could’ve pocketed (a la CEX) and decided to pour essentially the entirety of it into buying your bags. As much as everyone would enjoy some “clarity” or “communication” on what they’re up to, the reality is that they’ve both clearly earned, and directly purchased the right to do whatever / whenever the fuck they want. Simple pattern matching should tell you what happens next. Have a great weekend Hyperliquid