The easy $hype trade looks done for average retail. ICE backing. Druckenmiller in. Elon tweeting. The story is already everywhere. Buying now means paying for us growth that still needs CFTC approval, a real launch, and actual us users showing up. Even if hyperliquid pulls it off, how much of that is already priced in. The extra fees and buybacks have to beat what everyone is already expecting. all of this can be good for the platform without making @HyperliquidX an obvious buy at any price. The next leg will be harder to earn than the last. If hype goes above $97, i’m wrong.
