Ponyo

"Imo the biggest reason $HYPE is so mispriced is because 1. Supply misperception: mc is overstated since the AF supply isn’t truly liquid. 2. Institutional inaccessibility: even with massive demand, institutions can’t buy $HYPE directly. I’ve spoken with DATs who said funds want exposure but can’t touch it through DEXs due to compliance. 3. Narrative gap: many still think of Hyperliquid as just a DEX, not the backend infrastructure that could house all of finance through Builder Codes, HIP-3, and the upcoming HIP-4/5/6. These are temporary inefficiencies, and they’ll resolve soon. Especially with point 2 - with Robinhood listing $HYPE and upcoming public listings of DATs like @HypeStrat and @HyperionDeFi , institutional access is about to open up. When that happens, expect real buy pressure from the players who’ve been waiting on the sidelines."