The reasons behind this hype surge: 1. a16z-associated addresses are making big purchases; 2. The Clarity Act is bullish for hype because hype has a deep partnership with USDC—90% of the USDC reserve earnings on hyperliquid will go to hype, potentially starting at $100M annually; 3. This pre-IPO is gaining a lot of attention; 4. Strong consensus, with many people doing DCA (dollar-cost averaging); 5. Rumor has it that HIP6 is launching a launchpad—expectations are sky-high!