Every chain has a memecoin that gets valued in billions. It's a rite of tradition in crypto that it must happen for every new chain that launches. Ethereum had $PEPE and $SHIB, Solana had $BONK and $WIF. One memecoin always rises to the top and ends up sitting at billions. Memes are also genuinely useful. They attract retail investors as a sort of marketing spectacle. It’s a way to onboard millions of users to a chain. And they're fun! Meme culture has generated billions of dollars in revenue for Solana and its ecosystem. Right now a lot of that culture is rotating, Solana is dying and everyone is looking for where it should go next. I think it should go to Hyperliquid, and there's a way to make it happen. It's $MAX, Jeff's dog. That's the whole thesis. It's the founder's dog and now it's a coin. A place for everyone to start trenching somewhere that isn't a graveyard. The distribution is the same logic that made $HYPE work, airdropped to other $HYPE holders and no insider allocation. A memecoin living on Hyperliquid (fairly launched) traded on-chain, with a community forming around it. If it takes off it will be the first billion dollar memecoin traded natively on an orderbook. It also makes Hyperliquid into more than a DEX. Max is, in a dumb and perfect way, proof of trenches. Every coin that trades here, every joke that catches, is activity that used to go somewhere else. The bet is simple: Hyperliquid can host a big memecoin the way solana hosted BONK. If it can, that's the clearest signal there is that the trenches have a new home. I'm not promising Max is that coin, most memecoins go to zero and this one might too. But a billion dollar runner is going to emerge on this chain eventually. There's no law saying it has to be on Solana anymore. MAX has no utility, it doesn't stake, secure, govern, or earn you a thing. It is a picture of a dog, and it was airdropped to the Hyperliquid community at a rate of 10,000 $MAX per $HYPE. Buy it if you think it's funny and you want to help drag the trenches somewhere better. That's the entire reason to own it. Every chain needs a dog coin. Hyperliquid's is MAX. app.hyperliquid.xyz/trade/MA…

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