PhotonBull
Equity Researcher, Co-Runner of Retail Club
Hyperliquid Strategies is the way to play Hyperliquid, which lets traders buy huge IPOs such as SpaceX, and likely OpenAI later this year, before they list publicly. Its run should continue into the SpaceX IPO. Like Strategy and BitMine, it is a treasury stock and a higher-beta version of the Hyperliquid token rather than a simple tracker. x.com x.com
Hyperliquid Strategies looks like an easy long because Hyperliquid should win this coming month either way. If the war restarts and markets tank, people trade oil on Hyperliquid outside market hours; if markets hold up, demand rises for SpaceX pre-IPO perps, which @HYPEconomist notes will trade only on Hyperliquid. x.com
Hyperliquid Strategies has a catalyst in the five-year exemption for tokenized stock trading, and crypto is very strong across the board. If the lows hold, the crypto bottom looks to be in. x.com
Hyperliquid's credibility and distribution can compound because every credible institution or investor that steps in makes it easier for the next. Per trade[XYZ], it and ICE plan a U.S. market built on Hyperliquid, subject to CFTC approval. Traditional finance generated exceptional social proof in a single day for a platform with a working product, product-market fit and real revenue. This could be a defining moment, though it might also be euphoria. x.com x.com
Hyperliquid's buybacks return value to HYPE holders as its trading business grows. Its 2025 token buybacks totaled $817.79 million, more than Robinhood's $653 million in stock repurchases. Traditional finance moving onchain could bring hundreds of trillions in digital assets and quadrillions in derivatives volume; even at today's price, HYPE still has 100x potential. x.com x.com
All HYPE bears have been liquidated while sidelined bulls remain, leaving Hyperliquid's token headed higher. Everyone called it the most crowded trade. An attached chart pairs the move with trade[XYZ]'s announcement that it and ICE are bringing 24/7 perpetual futures on Hyperliquid to the US. x.com
Hyperliquid is taking share as infrastructure underpinning financial markets, supporting a long view on HYPE. Stan Druckenmiller said trade(xyz) is partnering with ICE to bring 24/7 perpetual futures on Hyperliquid to the US; that is welcome progress. x.com
PURR stands to benefit as Hyperliquid keeps growing at an astronomical pace. Hyperliquid's revenue reportedly doubled over the last 30 days to $863.64 million. x.com
Hyperliquid's growing perp share feeds fees into HYPE buybacks even as the market shrinks. Its share among the top 12 perp DEXs rose from 25% in January to 43% in September, below August's 47% peak. Its trailing buyback yield is 3.52% versus 1.51% for the S&P 500, but depends on trading volume and shrinks on fully diluted supply as tokens unlock. Watcher Guru reported plans by the NYSE owner to bring HYPE perps to regulated US markets; $100 remains the chart target. x.com x.com x.com x.com x.com … Show more
Hyperliquid Strategies looks set for a huge repricing as HYPE appears ready for a breakout to $100 or more. The company has $1.4B of unrealized gains on its HYPE holdings and keeps costs low, with three full-time employees and a small office, per David Schamis. Stanley Druckenmiller is in, and management came through last month's dump intact. x.com
Hyperliquid is attractive because live protocols with oracle and liquidation risk can charge for ongoing risk management, giving them a potential moat. Easily copied protocols may see margins competed away. Crypto revenue continues to rise while total market cap is down nearly 40%, making good revenue-backed coins a generational long-term opportunity. Not every protocol has a moat. x.com x.com x.com
ICE and trade[XYZ]'s planned U.S. venue gives Hyperliquid a concrete route into U.S.-regulated perpetual futures. It would use Hyperliquid infrastructure for 24/7 perps across equities, commodities, FX and crypto, subject to CFTC approval. For HYPE, this is blockchain adoption, not bitcoin exposure. x.com x.com
