DonBoqueron @Cryptoqueron

Druckenmiller's family office (Duquesne) publicly disclosed a new $23M position in $PURR (@HypeStrat) last quarter. The macro legend now has hyperliquid:native exposure, through an equity wrapper, at a FO that doesn't hold tokens directly. Hyperliquid

FSMN @faststocknewss

2 days ago

DRUCKENMILLER'S DUQUESNE Q2 13F: AMAZON UP 1083%, NEW ALPHABET AND FOX STAKES Largest holdings: - Natera $NTRA: $864.9M - Taiwan Semiconductor $TSM: $281.6M - STMicroelectronics $STM: $232.4M - Invesco S&P 500 Equal Weight ETF $RSP calls: $174.7M - Insmed $INSM: $151.9M -

14 7 68 70K 56

Hyperliquid Hasn’t Even Unlocked the U.S. Yet Hyperliquid has already become one of the largest perpetual futures DEXs in the world without a U.S. user base American users are currently restricted, yet Hyperliquid has still managed to build massive trading activity and liquidity entirely outside the U.S. Now, that could change According to The Information, Hyperliquid is actively pursuing a regulatory pathway that would allow U.S.-regulated firms to offer perpetual futures settled and traded on its blockchain The goal is simple: Bring Hyperliquid’s on-chain perps to U.S. users without turning the core protocol into a traditional centralized exchange This could be a major inflection point Hyperliquid has already proven its product-market fit globally. If it can unlock access to one of the world’s largest and most sophisticated trading markets, it could add a completely new wave of capital, liquidity, and volume And that is what makes this especially interesting: Hyperliquid is already a perp powerhouse without America If it successfully unlocks the U.S. market while preserving its on-chain model, Hyperliquid could become significantly more powerful than it is today

keyboard_arrow_left Previous keyboard_arrow_right Next

people keep asking me if the target for hyperliquid:native is $100B, i am genuinely not joking when i say the target is trillions, first Hyperliquid becomes the biggest exchange, then it becomes the biggest L1, then every asset in existence trades there because why wouldn’t it, then every chain routes liquidity through Hyperliquid, then every fintech quietly rebuilds its backend on it, then governments accidentally start settling debt in HYPE because it was cheaper, then jeff launches something on a random tuesday that doubles revenue again, we’ve seen AI companies go from $100B to $1T in a year and crypto narratives print hundreds of billions out of nowhere, this time the product actually works, the capital is sitting on the sidelines and the only thing stopping us is that nobody’s imagination is big enough

Let's talk $PUMP buybacks Buybacks imo should always be viewed through the same lens as bodybuilding. You will not see the growth overnight, or the impact from lifting if you look in the mirror each day. It will however have an impact over time. The coins themselves can be viewed as real physical supply. In a bear market, there is always more supply than demand. No coin is immune to that broadly speaking. In this case, they have removed 15.15% of the supply forever. Those coins are deleted, they can no longer be sold again. Each day, the max supply shrinks, so the longer price trades at this mc with these revenues, the less supply is available. Eventually, all of that supply would be absorbed until there were no willing sellers at these prices. Short term flows dicate the intraday moves which are of course larger than the revenue. So its important to keep that in mind. These revenues have largely been in a bear market, not in a bull market which could easily see these 2-3x. Either way. Time + revenue will do it's work. Just not always in the way you think. It is clear to me that the sell momentum has stalled, and like a pendulum markets always swing the other way. Whether you agree with their business or not, the numbers are real, and verifiable on chain. Do you want to be right, or do you want to make money? That's the question. If we are entering a crypto bull market, than this is one of the best bets there is due to attention + the sol economy. it's a beneficiary of both. Imo, this is good for a few, to several multiples. But time will tell. 400k per day, over another 3-6 months at this MC? I'm not sure the willing supply exists at this price point. I think demand > supply. I dont think there is any large, liquid crypto that has this revenue to MC in terms of buybacks which makes this so appealing. It could, and should be trading much higher. Imo had to wait out the price capitulation + time capitulation for this to work My plan is to add another 100m this week, bringing me to 500m Pump, and potentially, and tactically add another 500m at obvious HL points, or levels I deem important personally. When I have conviction on a trade, this is the way i do it. If I don't, I typically just set a hard entry/target.

🐧 @Pentosh1

4 weeks ago

$PUMP average buy .001701. Good size bag. Will look to add more on dips if given, and likely compound this on the way up. Last time we traded this we hit a 2x. This time I think the upside is a bit higher. Will write a more detailed thesis this week that I . But I think the

64 46 559 512K 173

Jeff Yan: Crypto's biggest problem is the lack of top entrepreneurial talent On July 9, 2026, Hyperliquid co-founder Jeff Yan @chameleon_jeff stated in an interview on the VALR podcast that a fair criticism of the current crypto and fintech sectors is their inability to attract enough of the highest quality entrepreneurial talent. He believes that amidst the AI boom and the social pressure to pursue prestige, the smartest young people often do not know what they could do to make the most impact, resulting in very few choosing to enter the space. Jeff Yan expressed that rebuilding financial engineering from the ground up based on first principles and translating academic concepts into scalable market designs is an incredible undertaking. He urged the younger generation not to take things at surface value, but to identify the real problems the world faces and participate in the incredible renaissance of on-chain finance happening right now.

Jeff Yan: Hyperliquid is often seen as an exchange, but the bigger idea is that it can become financial infrastructure. think about what AWS did for startups: before AWS, teams had to buy servers, manage power, fix hardware, and rebuild the same backend again and again AWS removed that pain small teams could just build products hyperliquid is trying to do the same thing for finance not for servers, but for: - liquidity - ledgers - deployments - perp markets - RWA tokenization - financial apps the interesting part is that liquidity compounds when more wallets, apps, and protocols plug into the same liquidity layer, everyone gets better markets tighter spreads deeper books better execution more useful apps so the real bet is not “hyperliquid is a good trading app” the real bet is: hyperliquid becomes the shared liquidity layer for onchain finance.

keyboard_arrow_left Previous keyboard_arrow_right Next

@MoneyPrinter0x $DRV might be a good candidate

🔥 Hyperliquid is just way too good to be boring. Hyperliquid pulled in $2.4 million in fees over the last 24 hours. Meanwhile, Solana, Ethereum, BNB Chain, Robinhood, and Lighter combined generated just $1.1 million.

$SIVE: "Intent to complete the [NASDAQ] listing process over the next few quarters" This statement was largely missed by many screeners. Very material improvement from evaluation, to formal confirmation of timelines.

1/ Multicoin published a full analysis & valuation of Hyperliquid (HYPE). HYPE is now one of the largest positions in our liquid hedge fund. We've been accumulating aggressively since February. Here's why we believe HYPE will be one of the best performers over the next cycle:

holy fucking shit ahahhahaha

Why is this so bullish? From Google’s press release: “AI is driving an expansionary moment for Alphabet. The company is experiencing strong demand for its AI solutions and services from enterprises and consumers, at levels that are exceeding the company’s available supply.” I’m not gonna lie, this is the single biggest piece of AI related news we have gotten all year. It is making me question certain names in my portfolio that have nothing to do with the AI thematic and making me wonder why I own them. If Google is ready to sell $80B of their own attack to continue funding capex because of unprecedented demand, maybe that warrants selling some losers in your own portfolio to double down on the AI beneficiaries. This is a complete shift in the paradigm of how we think of megacaps. It has me questioning many things tonight.

amit @amitisinvesting

3 months ago

Google just opened up the floodgates for the Mag 7 to begin doing ATM offerings. The Mag 7 used to buy back stock. Now they are dumping shares in the open market. Why? AI infrastructure. As long as the capex delivers an ROI, the market may reward it, but it looks like Google

227 206 2K 556K 386

-CLARITY now unlikely to pass next month -Iran deal isnt real -Saylor is selling with STRC + MSTR below nav and Saylor's $2b cash buffer is 70% gone on buy backs -Coinbase premium is grossly negative -Equities will continue to absorb liquidity from crypto markets as AI/robotics/Space are more exciting than crypto atm

This is one of the strongest TradFi legitimisation signals Hyperliquid has had on record. ICE owns NYSE. Sprecher is one of the most influential people in global market infrastructure. This is personal validation from the top of TradFi. He's met the team in person multiple times. He's framing HL as a venue that does real price discovery for assets that matter to TradFi, and explicitly says the SpaceX derivative on HL could be "bigger than the IPO" itself. TradFi is adapting to HL, not the other way. ICE is opening Friday late and Monday early to narrow the weekend window where flow has been going to Hyperliquid. Expects regulators to either create a new category for perpetual futures or fold them into existing frameworks. The CEO who runs NYSE calling HL bigger than NASDAQ. 11 people. Just insane. Hyperliquid.

Omar @TheOneandOmsy

3 months ago

Jeff Sprecher, founder and CEO of $ICE (owns the NYSE) on Hyperliquid: "This Hyperliquid that we're talking -- if you haven't heard about it, it's bigger than NASDAQ, okay? It's 11 people. You look at it, you're like, wow, that's pretty something." If it wasn't clear before,

keyboard_arrow_left Previous keyboard_arrow_right Next

65 155 913 249K 357

Out of all of the people I told irl to buy hyperliquid:native on day 1 of TGE I am the only one that held the majority of their stack from that purchase. How did I manage to hold? Best fundamentals (product, revenue, growth, team) tokenomics combination I've ever seen in crypto. I truly believe this is an historically unique asset due to the programmatic buying back of finite supply with 99% of protocol fees. This is unprecedented. After so many years in logging into this place I couldn't let myself sell this asset, despite knowing we were in a bear market. We only have a handful of examples where diamond handed holders were rewarded over multiple cycles. I continue to believe HYPE is going to take its place in history, as another one of those examples. Optimistic delusion is an important trait of the most successful traders/investors. Don't be afraid to dream a little bigger ($800 per point). Hyperliquid.

Aylo @alpha_pls

11 months ago

Feels like I haven't properly celebrated this on the timeline, so let's change that. $HYPE is now at $55 and chadding in price discovery. It's my largest holding, and I have held almost the full position from buying on day 1 of TGE + airdrop. I am fully deployed in various

98 58 795 86K 92

If you’re wondering why $HYPE is making new ATHs today, this is your best resource to understand the thesis. @defi_monk and I spent an enormous amount of timing detailing the evolution of Hyperliquid and quantifying how big the opportunity could be, potentially reaching $300B+ in the coming years. The job is far from finished.

MONK @defi_monk

5 months ago

x.com/i/article/2033…

93 271 1K 623K 1K

HYPE >$50. Some thoughts: Asset prices reflect the last trade in a market’s continuous auction. While this is often treated as “fair value,” only a small share of supply actually changes hands. As a result, price usually reflects the most aggressive buyers and sellers, and the premium or discount they are willing to accept relative to the recent price range. Still, over time, slower-moving supply and demand respond, and the market starts to re-equilibrate. Therefore, while there are many ways to value an asset, the best way to contextualize its current value is: 1) What do short-term flows and asymmetries look like? 2) Where are longer-term buyers and sellers likely to step in? For HYPE, short-term aggressive flows are clearly asymmetric to the upside. ETF access has started ($14.1M volume on May 19th), DATs are buying (Hyperliquid Strategies has $100M left), and the Assistance Fund continues to purchase $10M–$15M a week. On the market side, we are seeing tons of positive catalysts: Circle / Coinbase likely bringing in >$100M of stablecoin-related revenue for Hyperliquid, pre-IPO markets like SpaceX and potentially OpenAI from TradeXYZ bringing outsized TradFi attention, RWA open interest at $2.6B (up 2x from two months ago), and most recently regulatory momentum around tokenized stocks. This leads to the second question: where do longer-term holders sell into this demand? HYPE spent nearly a year auctioning between $20 and $40, rotating supply into a new holder base. My bias is that much of this supply now sits with less price-sensitive holders: Deployers, the Assistance Fund, DATs, and stakers. If motivated sellers already had repeated exits around $38–$40, how much is left to sell above $50? Instead, we may see a reflexive dynamic where investors waiting for lower (e.g HYPE’s $8 Solana moment) are forced to rotate in. My view is that flows and demand have already pushed many TradFi equities into extremely stretched valuations, while HYPE, despite being crypto’s clear winner, has remained relatively anchored to fundamentals. This break above the prior range, along with clear improvements in fundamentals (regulation, diversified revenue, 0-1 pre-IPO / 24/7 markets) and access (ETFs and DATs), could create an environment where price discovery turns reflexive and HYPE grinds much higher, detaching from traditional valuation anchors in the same way many high-growth L1s have in past cycles. Hyperliquid

If you want to make an argument that the low is in for BTC, the Realized Cap is a good place to start. It measures the amount of capital invested into the network from inception (currently $1.08 trillion). When it rises, it indicates that BTC is experiencing capital inflows. When it falls, we can think of capital being destroyed or flowing out of the network. Below we can see that the Realized Cap *might have bottomed* on April 3rd, 3.8% off its peak. Since that time, the Realized Cap is up $3.6b (capital inflows). ---- If it is, in fact, the low, this would be the earliest it's ever occurred during a bear market. Per reader request, this week we put on the "bull goggles" and shared the data that points to the cycle low potentially being in. We also shared an update on market structure, the macro setup, and portfolio mgmt. If you'd like to access the latest research, see the link below 👇

$HYPE - Stablecoin revenue bump - US reg push - pre IPOs going viral on trade xyz - ETF launches last week Feels like perfect storm for lockout move Solana 24 style here. Target $88

Let's say that regulation is imposed on $hype The consensus so far is that it's bearish bc SOME of retail would flee. Only the left tail risk has been largely discussed, but not the right tail. Revenues could even 5-10x. Right now, institutions can't touch Hyperliquid in the US. No KYC means no hedge funds and asset managers. There's compliance around using unregulated offshore derivatives. If we get a compliant path in the US which is likely. Then sure, you might lose some small retail traders, but you're going to end up with billions more from institutions, hedge funds, prop desks, asset managers on chain. Hedging exposure, putting on delta neutral trades, 24/7 trading etc. Lower fees than CME. I think the bull case, is bigger than the bear case with regulation. Jeff is already working on this, there is no doubt about that.