Artist | Collector | Trader | Crypto ‘16

Joined January 2021
6,005 Photos and videos
Pinned Tweet
7 Mar 2025
I bid more hype at 14.9 here Long term vision Hyperliquid
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Mike Ess retweeted
15% from the fake-break-sweep on $HYPE. Green box should hold retests, ATHs if conditions continue positively.
Sub $50 on $HYPE would be great for value but I think you can make a very good case that there's another upside shot from this view. Managed to clear over a month of lows and produced a very strong bounce through here.
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It feels way better being up without that grifter Arthur Hayes in my bags
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Mike Ess retweeted
For everyone who watched hyperliquid:native run all cycle and never pulled the trigger, now might be the time. In fact, I believe the case for $100 HYPE by the end of summer is very strong. This is due to a mix of factors: - First, Hyperliquid's underlying fundamentals are arguably stronger than they've ever been... Yes, DESPITE monthly fees being down ~57% (from ~$145M in August to ~$63M in May). Context matters here ^ We are in a DEEP crypto bear market, w/ BTC down ~50% from ATH. That is to say this isn't a product of their market share eroding but, instead, due to structural and market-wide forces. (e.g. Coinbase's revenue fell ~60% peak to trough last bear). Even still, HYPE's revenue has held up surprisingly well, largely because they're servicing traders who want to trade (and list) non-crypto assets on HIP-3 markets: 24/7, permissionless, in a way ONLY they can really pull off. This has, very clearly, found real PMF well outside even crypto natives (off-hours oil trading during global conflict being the perfect example). // For the first time too, there's a credible path to hyperliquid:native pulling in unexposed marginal capital from TradFi through ETFs (something required for a true parabolic ATH break). TradFi allocators now have multiple Hyperliquid spot ETFs to choose from. (Access had been a real blocker for anyone even considering exposure, even among positioned, crypto-native allocators post TGE) The HL story has also now permeated outside of crypto, repeatedly even to the point now where HL is undeniable: multiple @WSJ features, a @citrini allocation, @CNBC charting it. Set against an overwhelmingly successful SPCX pre-IPO market that became the "source of truth" on for everyone involved... Yet, the best is likely yet to come here. I expect the OpenAI and Anthropic markets to build off that momentum and pull in an EVEN MORE absurd amount of TradFi attention toward Hyperliquid. (This is key because, at EOD we are all really just trading attention)>> /// While, it might seem obvious to anyone in crypto - "everyone knows" Hyperliquid has been the most fundamentally sound project this cycle... If these variables play out, I think we get a genuinely reflexive loop that could catch people offsides (assuming broader markets hold). The most access to Hyperliquid there's ever been repeated Wall Street and media attention OpenAI/ Anthropic pre IPO markets = higher hyperliquid:native: - more attention ---> - more flows ---> - higher price ---> - more attention---> - repeat For the FIRST time that means real TradFi bidders in the book (Remember how ETH ran on far worse fundamentals?) And if/when HYPE takes out its ATH, I believe a ton of sidelined crypto-native capital will chase as well. (Shocking how little exposure many of us still have) /// A couple other points worth touching on in the HL story... 1.) I believe it is very underdiscussed that @fomo (ex @dYdX team w/ reportedly ~500k users) built their perps product on HL's builder codes. If their offering really takes off, which I think they will given how well their meme-centered product has done while the meme market's been dead, the builder code / "AWS of liquidity" narrative (not to mention marginal fees) will be dragged right back to the forefront. (~40% of HL's active users already trade through third-party frontends, not the native UI.) TradFi will LOVE this. 2.) While HIP-4 hasn't done as well as I'd have expected, I do think there's a chance HL becomes a viable competitor in prediction markets down the road, especially as those markets get aggregated and traded through terminals. (Worth noting the comps here = Kalshi @ $22B & Polymarket @ $15B) HL has arguably the most valuable user base in the space, and from a dev POV, building on Hyperliquid is far friendlier than anywhere else, large reason builder codes have taken off the way the have. For this reason I do not think it's a stretch to say we could see this play out the same way their perps liquidity did, though it'll take time. 3.) Finally, USDH being acquired Circle/Coinbase giving 90% of the USDC yield back to HL heavily derisks HYPE IMO (not to mention the incremental ~$200M /yr in HYPE buybacks). Two things here are true: 1. Circle and Coinbase are among the most connected companies in Washington and some of the highest spenders on lobbying 2. They've decided they can't afford not be part of Hyperliquid's growth story. US approval or not, the non-KYC offshore market Binance has owned for years is more than enough reason for them to get in the mix. Hyperliquid.
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Mike Ess retweeted
Hyperliquid just burned another $1.38M worth of HYPE today. Gross fees: $1.74M All-time revenue: $1.16B Total HYPE burned: 46.35M (4.64% supply)The buyback & burn is working hard. Chart looking good Hyperliquid
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Mike Ess retweeted
Just the usual HYPE Outperformance
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"No bro its going to $40, I will buy in there with my entire net worth" Many such cases Everyone buys $HYPE at the price they deserve Hyperliquid
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Mike Ess retweeted
This much buy pressure and you think $HYPE is going down? Lmao
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🎯 Hyperliquid
people are asking why hyperliquid:native is ripping right now. not that complicated. I‘ll explain: the SpaceX IPO turned $SPCX into one of the biggest speculation trades of the week, because everyone wanted exposure to one of the most hyped private companies in the world. the World Cup matters too, because HIP-4 turns realworld events into prediction markets, and nothing makes people argue with money faster than football. then the US-Iran peace deal lowered fear, so traders started buying risk again. and on top of all that, TWAPs are adding real $HYPE buy pressure in the background. (around $12.5m in the next 24h.) more attention brings more volatility. more volatility brings more trading. more trading brings more fees, more buybacks, and more demand. $HYPE can still dump short term, obviously. but right now Hyperliquid is doing exactly what it was built to do.
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People really going to get rekt again thinking this “peace deal” is real If you dont take a good chunk of profits before the weekend then its obvious you dont study patterns
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Mike Ess retweeted
Wait what?
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If you got bear pilled at $52 thinking $40 was coming next for hyperliquid:native You need to filter your timeline $80 🧲
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Mike Ess retweeted
hyperliquid:native IS HYPING Around $23M of buy TWAP pressure is set to hit $HYPE over the next 24 hours. A big week is ahead of us. $100 by the end of June? Why not. Hyperliquid.
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Happy Monday My gold buy at 4067 is pumping My hype is pumping My btc is pumping Barbell looks too good
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Mike Ess retweeted
$HYPE IS TWAPPING
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Mike Ess retweeted
hype dip sellers btfo
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$hype twap is huge again we will see a new ath this week 🫡
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Take profits for once Goodnight
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I was so wrong Illa cant even see
Damn Chandler having to run away in this Ruffy fight then get completely knocked out
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Ilia Topuria is going to demolish Justin Gaethje There is a reason you have to bet a lot to win a little but these men are not on the same level at all
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Omg dont count anyone out Surprisingly good round by Justin Holy shit
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