
飞凡|May 21, 2026 22:00
Actually, hyperliquid:native's current price isn't low anymore.
A $40–55 billion FDV is reasonable, roughly $40–55 per token.
HYPE's monthly revenue is $50.85 million, so at the current price of $58, they can buy back at most around 860,000 HYPE per month.
Each month, core contributors unlock 6.5 million tokens, meaning they can only buy back 1/7 of the unlocked amount.
On the 29th of this month, 14 million tokens will also be unlocked, with 6.6 million HYPE released to internal personnel.
There’s a bit of suspicion of pumping and dumping.