$HYPE JUST BECAME THE SCARCITY TRADE
Hyperliquid has used 99% of protocol revenue to buy back and burn HYPE in the open market, sharply tightening supply. HIP-3 open interest has just hit another all-time high, while Hyperliquid now leads DEX volume across crypto, stocks, commodities, and metals. $ASTER is still nowhere close.
Watch the burn rate. Track open interest expansion. Let the supply squeeze do the work. Follow the deepest liquidity, not the loudest narrative. Stay focused on whale positioning and forced flows. If this dominance persists, the market will keep chasing HYPE higher through every dip.
I care about this because it’s the rare setup where fundamentals and flow reinforce each other. Near-total revenue buybacks plus record OI is exactly the kind of imbalance that can snowball fast once whales decide to press.
Not financial advice. Manage your risk.
#Crypto #DeFi #HYPE #Altcoins #OnChain
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