HYPE Profits Flow to Base, Solana, Sui, TGA Rundown Could Boost Crypto Prices
Core Strategy: Remaining Tactically Cautious, TGA Rundown + Early Jan Flows Could Produce Needed Spark
In our view, this cycle is far from over. However, until bonds find a bottom and the USD peaks, it’s prudent for more tactically-minded crypto investors to remain nimble and ready to capitalize on opportunities once a trend reversal is confirmed. While this could happen as early as next week due to early-January inflows, additional patience may be required until the next round of significant macro data is released and the TGA rundown begins.
Trickle-Down Economics
Last week, we discussed the massive wealth creation from several airdrops in the crypto space over the past month. Billions of dollars have been distributed to crypto market participants through airdrops like PENGU, ME, and most notably, HYPE. HYPE, the native token of Hyperliquid—a decentralized perps exchange built on its own layer 1 network—is used for staking and fees. At current prices, the HYPE airdrop is valued at $7.2 billion.