🐋 WHALE WATCH : Across 400K retail traders on HYPE cumulative losses hit $280M. More of that went to fees than to bad trades. The retention numbers are the real story. After one month 39% of new traders are still active. After six months 9%. Most retail traders pay the fees lose the capital and quit. Thats not a cautionary tale. Thats the base rate. Trade with that number in mind.