After $HYPE got listed on Binance Spot, here are a few changes: 1. Potential pricing power is shifting to Binance, with current order book depth far exceeding > the HYPE main platform. 2. Listing on Binance has increased liquidity, eliminating the premium caused by inconvenient on-chain trading. 3. With more active liquidity, large funds now have more ways and methods to discreetly sell. 4. From a faith-based asset back to rational calculations — top believers might dream about 5 years down the line, but most people won’t.