Hyperliquid: A Gold Rush or Just Fool’s Fool’s Gold?

Nadeau ain’t saying Hyperliquid is a busted watch, mind you. He’s just arguing that HYPE’s recent sprint might’ve outrun the tortoise of reality. “I’m a fan of both @Globalflows and HYPE,” he wrote, “but think he’s early here.” A fair point, if you ask me. After all, who isn’t early when the only thing holding up a house of cards is the scent of oil futures and a dash of “TradFi” hype? He added that HYPE had “been strong in the bear market (outperforming BTC) because of its token economics + the ‘TradFi/Oil futures’ narrative,” before sighing, “the reality is that Hyperliquid looks like a ‘risk-off’ chain, just like the rest of crypto.” A truth so plain, it’s like telling a cat the moon ain’t made of cheese.


