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AshiiPk
⚠️ The “LUNA-Style Discount” on $HYPE Doesn’t Add Up
The Situational Awareness figures don’t really support a LUNA-style contagion discount on $HYPE.
The percentage return reflects fund performance, while the asset estimate represents holdings after sales, including private investments that remained on the books.
Comparing asset estimates from different dates therefore doesn’t accurately measure investor losses.
📌 So building a $HYPE short thesis purely on that calculation looks pretty weak.
Before taking a trade, make sure the numbers actually measure what you think they measure.
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