Tindorr 🌯

"I’m re-evaluating my $HYPE positions. I’ve been a big supporter of Hyperliquid for a while, but it’s time to reassess. There are two main concerns: 1. Market share Hyperliquid’s dominance peaked in May. Since then, @Lighter_xyz and others have been eating into its territory. Perp traders are chasing newer platforms with shinier features and better upside potential from airdrop and incentives I’ve used Lighter for scalp trading. It’s cheaper (0% fee for lower latency) and faster. For that use case, I’d pick Lighter over Hyperliquid as scalp trader. 2. Team unlock Starting Nov 29 (50 days from now), the team allocation starts unlocking: 216.58K HYPE daily (~$10M/day). We can’t predict if Jeff and the team will sell, but after years of building, it wouldn’t be irrational to realize some gains. Even if they don’t, new supply always changes sentiment and it’s worth watching closely. At the end of the day, incentives matter. Still, this doesn’t mean $HYPE is finished. It could easily have another leg up, but from a positioning view, the risk/reward is shifting. Other plays offer cleaner setups with less capital and fewer uncontrollable factors. Happy to hear more catalysts that could invalidate my concerns, such as HIP-3 or HIP-4."