The top base:0x23a2847d772803f9efc64b4277b782b06296fe51 holder, who has staked roughly 2%+ of the supply, is also a legendary $HYPE perps trader who is atop the leaderboards They currently hold a massive $26M notional $NEAR 10x cross-leverage position and have $3.3M worth of $VVV staked This player is an absolute menace on @HyperliquidX, with $38.9M in total perp trading volume They were also incredibly early to the $HYPE ecosystem Not only early to $HYPE , but this wallet dates back before DeFi summer…all the way to 2017 Now, their biggest bets appear to be increasingly focused on privacy AI Their largest conviction bags on chain include $POD, $VVV, and $DOT, with the $NEAR perp position substantially leading the way When a trader with this kind of track record starts concentrating capital in a particular narrative, it’s worth paying attention Privacy could be the next narrative to capture serious mindshare And $DOT @usedotai is positioning itself at the forefront of that opportunity