Zooming out, HYPE still looks great imo 0.85% of the circulating supply absorbed in the past 2.5 weeks across the assistance fund, PURR and HYPE ETFs. An additional $191m of cash still held by Hyperliquid strategies (PURR) with the ATM facility just increased to $2.5b from $1b. Tailwinds: - HIP4 ramping up - Increased revenue from increased crypto volatility - US entry in collaboration with Kraken (and Coinbase?) - Potential fee increase on HIP3 markets with recent launch of gradual growth mode(Thor)