Yup - this wasn't hard to predict! Hyperliquid @HyperliquidX @HypeStrat @tradexyz $PURR

Well said

Archive of my Space with $PURR CEO, @dschamis. PURR is the largest $HYPE DAT. Edited for time/cleanliness. Timestamps below: 0:00 What are HYPE & PURR? 2:00 "Corporate finance geeks" 4:22 Funny dinner anecdote, "I'm not a zealot" 5:45 What is the advantage of a HYPE DAT? 10:18 Challenges for Hyperliquid, how PURR helps 13:36 Is Hyperliquid just a perps story, or is there more? 17:46 Discussion on $USDC deal with Coinbase 21:55 Possible revenue beyond staking? 26:27 Option trading temptations in other DATs 27:53 Capital allocation, how much HYPE is too much, possible stakes elsewhere? 30:28 Opting for deferential role in chain governance 32:10 Wrap-up

A bit more succinctly said than my tweet, bro

Well - I go out to walk my dog and when I come back $SPCX is trading pretty damn close to where @HyperliquidX was saying it would trade this morning. @elonmusk I know everyone loves you but you just cost your shareholders real money - I didn't think you were the type - hopefully @sama & @DarioAmodei will learn from your mistake. Frankly, it wasn't that hard to figure this one out! Hyperliquid @HypeStrat $PURR @tradexyz

Well, today's the day. @elonmusk chose not to listen to me and to price his #IPO at a 24% discount to the @HyperliquidX price for @SpaceX - another giveaway to the buyside. I'm not predicting where the stock is going to be in a week or a year but I am predicting where its going to be today - just like @cerebras I expect it to quickly jump to where it is on HL. We'll see if I'm right and if Elon cost his shareholders a lot of money. #pricediscovery @HypeStrat $PURR @tradexyz

Banks could be underpricing SpaceX's IPO, says @hypestrat CEO @dschamis. He says perpetual futures is a better indicator for just how high the company could actually IPO. cnbc.com/video/2026/06/04/hy…

Ahhhhh - @elonmusk you're killing me (and more importantly killing yourself and your shareholders). The trading price for @SpaceX price RIGHT NOW on @HyperliquidX is $191 - you are literally giving money away to the buyside. You don't seem like that kind of guy, but maybe I've pegged you wrong. Someone please help me help him! Hyperliquid @HypeStrat $PURR @tradexyz

Hyperliquid has an active market for many commodities, stocks, pre-ipo stocks, as well as crypto. The gold, silver, and oil markets have been active on weekends given the administration's tendency to make announcements over the weekend. 24-7 exchanges means 24-7 trading.

The WSJ article on hyperliquid is a good overview. The world will be quickly moving to efficient low cost 24-7 trading of real world financial assets not just crypto assets. The liquidity is moving to decentralized exchanges and away from more costly centralized exchanges .

Some highlights from the @WSJ article on Hyperliquid: "A growing army of both traditional and crypto traders is flocking to the platform to wager on just about anything, from bitcoin and the S&P 500 to crude oil and pre-IPO giants like SpaceX." "Yan has said that he drew inspiration from the catastrophic collapse of Sam Bankman-Fried’s FTX exchange. The episode made him realize that the crypto market needed a high-performance trading platform where users—rather than the exchange—safeguard their own assets." “Perpetual futures are a complex financial product that is hard for even sophisticated financial professionals to necessarily understand, and I don’t believe that the risks of perpetual futures are being adequately disclosed to retail investors,” said Benjamin Schiffrin, director of securities policy for @BetterMarkets , a group that pushes for tighter financial regulation. “I think that’s a very dangerous combination.” Ben - I would like to discuss the third point with you. Needless to say I have strong opinions. Please reach out. @HypeStrat $PURR wsj.com/finance/currencies/t…

This explains why the incumbent exchanges like @CMEGroup and @NYSE have been so focused on @HyperliquidX - it's not just that they are 24/7 and are reaching people who are not currently served - it's also that they are cheaper. More often than not, it's all about price. @HypeStrat $PURR @tradexyz

Amen to this! @tradexyz @elonmusk @HyperliquidX @HypeStrat @SpaceX $PURR

Excited to see that @HypeStrat is being added to the #russell2000 and #russell3000 indexes. The newly reconstituted indexes take effect after US market close on June 26. $PURR @FTSERussell lseg.com/content/dam/ftse-ru…

Only 400K! @solana has 3.8mm. Shows you how much more room there is to run.

Last year at @token2049 @JeroenNieuwkoop and I were doing our best to sneak into these events - this year we are honored to be able to be a sponsor. I look forward to seeing as many people as possible at this and other events - please say hello! @HypeStrat $PURR

Nice chat I just had with @zGuz and @coinage_media - always fun to talk about @HyperliquidX @HypeStrat @tradexyz @HyperliquidPC $PURR

Hey @elonmusk now that you've picked @GoldmanSachs as lead left they are immediately going to move into managing you down on price. They will start telling you how important a "day 1 pop" is (it's not) and also tell you that the data you are seeing with your own eyes on @HyperliquidX is not to be trusted. Since listing on HL the price of @SpaceX has leveled off, the open interest has grown and the vol has come down a lot. This is meaningful and by far a better predictor of where its going to trade than anything you are going to hear from Goldman's ECM people. Hey HL community, let's inundate him with data to arm himself against the onslaught from the buyside he is going to face. @HypeStrat @tradexyz $PURR

This is pretty wild

Very thoughtful analysis from @JeroenNieuwkoop (aka Jerry), our COO at @HypeStrat $PURR @HyperliquidX