PANews Feature | Wall Street Takes Notice; HYPE Pulls Back; What’s Behind the Disconnect? From ICE’s proposed partnership to Stanley Druckenmiller’s involvement, @HyperliquidX is moving deeper into mainstream finance. According to the report, cumulative protocol revenue has topped $1.23 billion, with roughly 97.5% directed toward token buybacks. Yet hyperliquid:native has fallen nearly 20% from its late-October high. Whale profit-taking, ETF outflows, and concerns over team token distributions are weighing on sentiment, alongside pending regulatory approvals, growing competition, and policy uncertainty. We unpack the pressures behind hyperliquid:native’s pullback: Why haven’t strong revenues and buybacks supported the price? And what hurdles remain as Hyperliquid seeks to evolve from a perpetuals platform into financial infrastructure? #Hyperliquid #HYPE #DeFi