If wallets like the suspected A16z address keep buying through profit-taking, HYPE’s record near $67 may prove to be the beginning of something much larger. However, on the flipside, if Genesis sellers accelerate, the token could face a sharp drawdown.
For now, the onchain data tells a story of conviction meeting realization where big new money seems to be wagering on Hyperliquid’s future while the people who were there at the start are quietly banking their winnings.
