Looking back at the journey from @HyperliquidX, then checking out @Lighter_xyz, @Aster_DEX, and even the soon-to-TGE @Backpack. Backpack's KYC failed, and they said I could appeal once. It's been over a week since I appealed, and they said it’s being processed in bulk. Apparently, 'bulk' means 'just two people' appealing . The key thing is, today’s the last day for KYC, and it looks like it’s not happening. What’s even crazier is that it seems to have already crashed pre-launch . How many people converted their points into equity? At least one of them has to be decent, but as of now, it looks like hype is crushing everything on all fronts .