I'd ascribe this to two things:1.) Durability of the revenue due, which is derived from the proven money printer that are perps2.) Last vestiges of "L1/infra premium" being applied to HYPE.(1) is the market being correct/rational while (2) is incorrect/irrational and will continue to transition to apps (which Hyperliquid/CORE is)karbon 🐺🦊 (@basedkarbon):CT likes hype at 65x revenue but doesn't like pump at 10x revenue?And also CT is feverishly bullish on shitco treasury stock trading 3-5x above navAm I read ...