小龙先生|9月 29, 2026 12:15
The crypto world is splitting into three realms.
Buyback scale: 638 million, with Hype and Pump accounting for 90%.
Hype uses 99% of the fees for buyback and burning HYPE tokens.
Three realms:
1. With cash flow, real buybacks.
2. No cash flow, but honestly reliant on consensus like $BTC, $ZEC, meme.
3. Only a roadmap, no verifiable value.
The first two realms are being priced.
The third realm is waiting to be delisted.
Which realm does the coin in your hand belong to?
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