Who’s actually buying $HYPE? Let’s break down the real marginal buyers driving the recent demand from crypto funds to DeFi treasuries & whales 1. Institutional & Fund Buyers Nasdaq Big names are stacking $HYPE: - @SonnetBio (biotech company) plans to buy 12.6M HYPE - @HyperionDeFi(HYPE MSTR) already bought 1.5M HYPE, wants more - @LionGroupLGHL credit line for HYPE (+ SOL, SUI) - @galaxyhq started a $30M TWAP buy, still accumulating 2. Protocol & DeFi Treasuries Multiple Hyperliquid-native projects are adding HYPE to their treasuries: - @hyperunit - @hyperdrivedefi - @D2_Finance 3. Hyperliquid Assistance Fund Buybacks: - Buying back 100K HYPE/day - Recent daily purchases: $3.7M – $5.1M Source: @nahnah64 4. Whales & Smart Money Recent on-chain activity shows major confidence: $4.56M USDC whale deposit → opened large lev position Active smart accounts: @stakedhype @smartestmoney_ @0xLiquidityLord 5. Social & Narrative Momentum $HYPE keeps showing up in trader convos next to $SUI narrative momentum is strong and social conviction is demand (ifykyk) Marginal buyers of $HYPE: - Crypto funds - DeFi treasuries - Whales - Daily buybacks - Narrative demand Whether you’re long or watching from the sidelines, this is where the real bid is 🪷

@SonnetBio ...and all of this came from a single prompt to @elfa_ai bot