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enkizh.eth
Show original HYPESpot
The primary reason for $HYPE's decline yesterday was the definite team token sell-off pressure, not a sudden deterioration in fundamentals. Short-term supply exceeded buybacks, but the long-term value capture logic remains.
HyperLabs redeemed 433,000 HYPE tokens, with 75,000 converted to USDC, 90,000 sent to OKX/Bybit, and 165,000 handed over to Flowdesk.
The Loracle address unstaked 336,620 tokens; on-chain confirmation shows it is in the unstaking process, but it cannot yet be confirmed that all have been sold.
In the short term, this is bearish, but bearishness does not mean shorting. Persistence is the key to value investing
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