Hyperliquid (HYPE) don pass Dogecoin for FDV as whale dem dey active and trading don reach new level
Hyperliquid (HYPE), one decentralized perpetual contracts exchange, don come back strong well well, e don even pass Dogecoin (DOGE) for fully diluted valuation (FDV). This one show say crypto market don dey change. HYPE FDV reach $29 billion, wey put am for top 15 crypto assets by market cap. Wetin dey drive dis big rise na say dem dey very anonymous on-chain, dem get plenty money to trade with (deep liquidity), and big big traders (whales) dey use am do plenty business, like big leveraged trades. All dis things show say rich traders sabi say Hyperliquid good for big trades. Even though before before, dem been get FUD and problem with money (liquidity) because of one big squeeze, Hyperliquid sharp sharp change dem rules – like dem reduce how much leverage person fit use and dem focus on how dem fit use capital well – to make market believe dem again. When dem launch HUSD stablecoin and their whole system (ecosystem) grow well, e make dem recover even faster. For crypto traders, dis milestone show say new tokens wey dem just launch don dey get power, e show say FDV really important as market sign, and e show say e good to dey watch how trading dey change and how big traders dey move, especially as new projects dey challenge old ones like Dogecoin.
Bullish
Di tori wey dey vex say Hyperliquid (HYPE) don pass Dogecoin (DOGE) for fully diluted valuation (FDV), plus record for open interest, trading fees, and USDC wey dem lock, show strong confidence for investors and momentum for HYPE. Plenty big money people (whales) don join, di platform don strong well well after dem get small money wahala recently, and dem don launch beta things like HUSD wey show say people want am and e get chance to grow. For traders, wetin dey happen like dis usually mean say market go up, especially as HYPE dey challenge other big coins and dey pull plenty money. But, dem still need to dey watch am well well and see how e dey compete with other centralized exchanges for long term market effect.