First off hype is the token of the hyperliquid protocol which is a perp dex. but the airdrop was epic which got it up to the 100's of thousands given to 60,000 wallets. think the average payout was $8k. this is why it launched so high.

second hype is not inflationary. there is a 100 million supply and never going to be more. pretty bitcoin like in that regard.

third this dex has 3 billion in volume running through it daily. that's not usd volume.

fourth the dev team is building some crazy things.
- no usd at all? only synth tokens?
- an algo that dynamically sets your margin per trade?
- crazy vault like deposits with other vaults (yeah the vaults vaults) so only putting your funds to work when the 24 hr delta is above a certain level?

fifth it is only a few days out from its genesis launch.

and yea ppl are calling for a 100 billion mkt cap. (no clue if its going to go that crazy high)
but it being a 5-10 billion mkt cap coin is very much in the cards is you ask me.

i mean look at gmx its doing 1-2 billion a day in volume and its mkt cap is over 6 billion.

hyperliquid is the next big catalyst imho, mixed with the halving in april and spot etf's beginning to launch, then a trump presidency and china opening up to crypto in april and nft volume returning big time next year.

hype being like eth in 2022.

sept 2022 eth was 3200
june 2023 it hit 1800
dec 2023 it hit 5500

that's your bullish case for hype.

- soh :)

tldr: crazy airdrop and a new dex on chain. plus the burbs are taking over the chain, eth ledger kind of thing.
plus macro plays into the crypto scene.
plus the tokenomics are elite.
plus eth is about to break $3600.

you do the math. 😎