the only real utilityの‌価格hype

$HYPE I think the $23-$26 region is a pretty interesting area to buy this one. They do have unlocks every month but it's still 1 of the best projects in crypto. That said, if equities and btc puke, this thing prob goes to $20 or less.

A new wallet deposited 3,000,000 $#USDC to HyperLiquid and went long on HYPE with 10x leverage.

The crypto market is on the lookout for early signs of a bottom. To start with, December opened with some serious volatility. Mid-week, a 5% drop in the TOTAL crypto market cap wiped out almost all the early-week momentum, pulling back from the brief rally to $3.17 trillion. Against this backdrop, Bitcoin’s [$BTC ] sideways chop looks like the usual cooling-off phase. Historically, when BTC enters consolidation, liquidity starts rotating into altcoins. Will the same playbook apply this time as well? A $300 million bet just raised the stakes for altcoins Traders have started capitalizing on the current market indecision. Supporting this, Coinalyze’s Open Interest (OI) shows a 1.85% jump in OI across all crypto assets excluding Bitcoin and Ethereum [ETH], pushing the total to $17 billion. This brings their combined OI share to 27.61%. Put simply, leverage is flowing back into altcoins. Adding to that, Arkham Intelligence recently flagged a wallet that opened a $300 million long position split across ETH, Ripple [XRP], and Hyperliquid [HYPE]. However, the wallet is already sitting on a $20.64 million unrealized loss. Why does this matter? Notably, all three assets the trader bet on are utility-driven projects with solid fundamentals. Yet, their recent lag highlights a clear disconnect between fundamentals and short-term market rotation. In this context, is trading altcoins becoming riskier? Simply put, during Bitcoin’s chop phase, are investors increasingly favoring speculative, “high-risk/high-reward” plays over fundamentally strong tokens, signaling a deeper divergence in overall market behavior? Market signals point to a favorable altcoin setup Early signals suggest the altcoin market might be finding a bottom. On-chain, the Altcoin Season Index has been chopping in the 35-40 range over the past week, marking a phase seen as a setup for market rotation. At the same time, technical indicators are showing similar support. The TOTAL2 market cap (ex-BTC) has gained about 3.6% over the last two weeks, hovering near $1.20 trillion. Together, these on-chain and technical cues hint that altcoins could be gearing up for renewed movement. In short, the market seems to be back in a buying zone. CryptoQuant’s Darkfrost shows that altcoins’ 30-day trading volumes are still below the yearly average, suggesting selling pressure is light. For traders, this makes it a favorable setup to gradually accumulate altcoins. Layer in the sideways-chopping Altcoin Season Index, the steadily rising TOTAL2, bullish on-chain metrics, and weekly charts highlighting the top three gainers as solid Layer-1 chains, and the setup looks constructive. In this context, the $300 million position appears more like a strategic bet. $BTC

Btw btc is up +10%, eth +12 from the lows while hype making fresh lows. Tough times clearly for .HLs

🚨HYPERLIQUID IS THE TOP REVENUE ENGINE As per DefiLlama's data, in the last 30 days, holders earned the most from: $HYPE ($84.25M), $PUMP ($32.72M), $TRON ($29.53M), and $JUP ($12.02M).