
大宇|Sep 11, 2025 07:39
Why didn't many people pay attention to HYPE at the beginning?
Looking back at that time, I still have a deep impression. The Chinese section is dedicated to Master Pang, who is @ kiki520-eth. She was mentioned by @ mdzzi Chabosi (a beautiful woman) and Guhe @ ZKSgu, among others. Master Pang mentioned it relatively more than FOMO, but overall, there are not many people paying attention to it.
I have noticed, but I am not enthusiastic about this track. When GMX was very popular, I spent a lot of energy researching PERP DEX and even invested in two projects. However, later in Shenzhen, I was able to buy a GMX replica disk for 10000 U, which was amazing. Everyone was working on similar projects, but they all got cold.
Therefore, I feel that any tricks on the economic model are useless, and the garbage race cannot be done.
Later, when the HYPE token was issued, it had a market value of 3 billion yuan and was expected to quickly drop to similar levels as GMX, such as several hundred million yuan. Especially after the airdrop, the trading volume should immediately follow the footsteps of other unknown projects, and the coin price would quickly return to zero.
But no, the coin price has been rising all the time. I think it should be a scam to buy a car from a single player? But rising all the way to 8 doesn't seem right. No other bank would pull the market like this. The required amount of funds is too large, and I specifically went to check the trading depth.
Then I started researching and was shocked to find that this team was different from the past 'you can get PERPDEX for 100000 yuan'. The team had invested hundreds of millions of dollars in LP, had a background as a top market maker, and all the people involved in raising money made big money. Issuing coins was purely a formality, and it was clear that the bull had missed out.
After the coin was issued, the number of users and transaction volume did not decrease at all and remained at a new high, it was like being away from Trump!
Then the coin price quickly rose to 14 without any pullback, but what sets me apart from most people is that I only focus on whether the project is good or not, and don't pay much attention to whether the candlestick is "very high". I just buy it all the way.
However, at this time, there were actually more people who were bearish and pessimistic, and fewer people who followed me. They even noticed that the people who wrote HYPE were being sarcastic. At that time, I was still young and even posted a real name address for a $6 million purchase.
However, later on, the JELLY incident fell below my average buying price of over 20, and then I had to force myself to buy again at 13:00. I also mentioned in my group chat that there were very few people who dared to get in the car, and more of them actually sold at that location.
I have also provided a detailed analysis of the JELLY incident in the group, and I think it is a good thing because the exchange took decisive action. Who would dare to hack it in the future? This kind of deterrence is good for the exchange, but my judgment on Twitter also received few likes:
When falling, everything you say is wrong.
Everything is right when it comes to rising prices.
I bought PUMP today, heavy position. But I also think that like HYPE, it's normal for the price to drop from 20 to 10, but my habit is to get in the car first, hoping to impress everyone like HYPE in the future.
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