Time To Believe The HYPE? After A Month-long Uptrend, What Can Traders Learn From The Most Successful Token Giveaway Of All Time?

Benzinga

May 12, 2025

Crypto Twitter lights up every week with new token promotions but most spark and fizzle out. That all changed in December when DeFi challenger Hyperliquid pulled off an extraordinary airdrop coup.To ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www-web.itiger.com/news/2534320528"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2534320528\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2534320528?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-05-12 22:58","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2534320528","market":"us","top_or_hot":-1,"title":"Time To Believe The HYPE? After A Month-long Uptrend, What Can Traders Learn From The Most Successful Token Giveaway Of All Time?","media":"Benzinga","content":"<div>\n<p>Crypto Twitter lights up every week with new token promotions but most spark and fizzle out. That all changed in December when DeFi challenger Hyperliquid pulled off an extraordinary airdrop coup.To ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/25/05/45352023/time-to-believe-the-hype-after-a-month-long-uptrend-what-can-traders-learn-from-the-most-s\">Source Link</a>\n\n</div>\n","source":"Benzinga","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Time To Believe The HYPE? After A Month-long Uptrend, What Can Traders Learn From The Most Successful Token Giveaway Of All Time?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTime To Believe The HYPE? After A Month-long Uptrend, What Can Traders Learn From The Most Successful Token Giveaway Of All Time?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-05-12 22:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/25/05/45352023/time-to-believe-the-hype-after-a-month-long-uptrend-what-can-traders-learn-from-the-most-s><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Crypto Twitter lights up every week with new token promotions but most spark and fizzle out. That all changed in December when DeFi challenger Hyperliquid pulled off an extraordinary airdrop coup.To ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/25/05/45352023/time-to-believe-the-hype-after-a-month-long-uptrend-what-can-traders-learn-from-the-most-s\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EVM","symbol_name":"Eaton Vance California Municipal","start_time":0,"source_url":"https://www.benzinga.com/markets/cryptocurrency/25/05/45352023/time-to-believe-the-hype-after-a-month-long-uptrend-what-can-traders-learn-from-the-most-s","article_id":"2534320528","we_media_id":null,"thumbnails":[],"rights":{"source":"Benzinga","url":"https://www.benzinga.com/markets/cryptocurrency/25/05/45352023/time-to-believe-the-hype-after-a-month-long-uptrend-what-can-traders-learn-from-the-most-s","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2534320528","pubTimestamp":1747061888,"columns":[],"sourceInfo":{"source_id":"Benzinga","name":"Benzinga Cypto"},"weMediaInfo":null,"summary":"Excluding VCs turned out to be a winning combination for the groundbreaking DeFi token.\n","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"EVM":"Eaton Vance California Municipal","EZET":"以太坊ETF-Franklin","FETH":"以太币ETF-Fidelity","ETHV":"以太坊ETF-VanEck","CETH":"以太坊ETF-21Shares","BK4601":"加密货币现货ETF","QETH":"以太坊ETF-Invesco Galaxy"},"translate_title":"是时候相信炒作了吗？经过长达一个月的上升趋势后，交易者可以从有史以来最成功的代币赠品中学到什么？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ETHV":0.9,"QETH":0.9,"CETH":0.9,"FETH":0.9,"EVM":1,"EZET":0.9},"content_text":"Crypto Twitter lights up every week with new token promotions but most spark and fizzle out. That all changed in December when DeFi challenger Hyperliquid pulled off an extraordinary airdrop coup.To launch the HYPE token for its proprietary DEX, the project took a unique route to market, holding back the lion's share for early users and avoiding set-asides for VCs, centralized exchanges, or market makers.A cult-like following, pent-up VC demand, and analyst enthusiasm culminated in the most successful airdrop in history. Valued at close to $7.5 billion at the start of this year, HYPE’s launch was so lucrative that crypto watchers now wonder if the project's airdrop approach can ever be repeated.Hyperliquid’s hybrid modelHyperliquid is a layer one (L1) blockchain designed by Hyper Foundation to host decentralized finance (DeFi) applications. It uses delegated Proof of Stake secured by its own HyperBFT consensus mechanism.The project claims its network can handle throughput of 100,000 orders per second, recording every trade, order, liquidation, and cancellation with a block latency measured in milliseconds.A note to investors from Mutual Fund manager VanEck calls Hyperliquid a \"hybrid blockchain\" with aspects of both layer 1 and layer three networks.HYPE's price trajectory since December 2024 | Source: CoinMarketCapOperating its own set of validators places Hyperliquid firmly in the L1 category. By Van Eck’s analysts noted that the network’s trading capital is denominated in USDC, which is bridged from Arbitrum, an Ethereum layer-2 chain. That combination of elements pushes Hyperliquid into L3 territory — dependent on both Arbitrum and Ethereum for the state of its USDC tokens.Hyperliquid chose that unconventional framework because it allows the blockchain to process many more transactions-per-second while also giving Ethereum users a stable bridge.\"The L1 architecture gives Hyperliquid a scaling advantage over competitors while the L3 framework gives Hyperliquid access to Ethereum's massive base of users and assets,\" Van Eek added.Future proofedGet StartedTrade Bitcoin, Ethereum, and More Instantly — No Wallets, No HassleSpeculate on price movements, claim up to $200 in bonuses, and start with risk-free paper trading with crypto futures on Plus500.\nGet StartedDisclosure: 82% of retail CFD accounts lose moneyHyperliquid's L1 was optimized for Hyperliquid DEX, the project's flagship application. A fully on-chain order book perpetual futures exchange, it promises low fees, transparent on-chain trades, up to 50x leverage, and one-click trading.Although Hyperliquid had announced in April 2023 that the project has no plans to \"support general-purpose smart contracts\" on the Hyperliquid L1, a general-purpose Ethereum virtual machine (EVM) called HyperEVM is now in development.HyperEVM isn’t a separate chain as it’s secured by the L1’s HyperBFT consensus mechanism. According to the project, this will allow it to interact directly with network native components.The Hyperliquid Stack | Credit: Hyper FoundationAssembling a top teamHyper Foundation is led by CEO Jeff Basedzos and a group of tech heavyweights from Harvard, CalTech, and MIT who’ve previously worked at Airtable, Citadel, Hudson River Trading, and Nuro.The team initially worked on proprietary market-making in crypto in 2020, later expanding to develop DeFi solutions in 2022.  According to project’s website, Hyper Foundation is fully bootstrapped with no outside capital.HYPE's TokenomicsHYPE, the native token of Hyperliquid L1, is designed for staking and gas fee payment on HyperEVM. Prior to the airdrop, Hyperliquid said tokens allocated to core contributors will be locked for one year after genesis, and that most token vesting schedules would be completed between 2027 and 2028. No tokens were allocated to private investors, centralized exchanges, or market makers.The golden airdropIn a year marked by crypto community frustration over sky-high valuations of venture capital-backed tokens, Hyperliquid's novel token drop reinvigorated a bloated crypto airdrop market. Today its at the crest of a month-long uptrend that’s added 75% in value.The project won kudos and inflows for its community-first approach, though it’s worth noting that HYPE still hasn’t been listed on either Coinbase or Kraken. HYPE’s steady rise since early April suggests the blockchain’s promise of hyperspeed and utility are starting to come true, however. At time of writing it held the top spot on RankFi’s perpetual futures DEX league table.Loading...Loading...Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}