HYPE Elysium Launch Day: Why I Am Long HYPE at $73 Again

Eleven days ago, HYPE was tagging its all-time high. Stan Druckenmiller sent his first tweet ever, and it was about Hyperliquid. I covered the man and the moment in my Who Is Stan Druckenmiller post. Crypto Twitter went into full FOMO mode, and HYPE ripped from $82 to $97 in a day. That party lasted a few hours. Later that same day, Binance got hacked for over $6 billion. A few days after that, the Democrats swept the midterms and the whole market dumped again. Now HYPE sits at $73, down 25% from that peak.