X @Arthur Hayes

Ser just some simple maths will tell you the only way $HYPE overcomes the uncertainty is massively growing rev. Even if the team pinky swears to not sell, there is nothing holding them to that. So you have to assume a >0% amount of daily sell pressure. The market is already discounting this bc, P/FDV fell 50% since the price ATH in July.Andy (@andyyy):An open letter to Jeff & the Hyperliquid team about the upcoming unlocks:I want to start by saying the community knows you and the team are going to do what’s ...