LukeCannon🧙🏽‍♂️🤙

Insanely positive HYPE twaps rn, +$29M over the next 24 hours
And it's entirely driven by a single cluster of wallets who I used to consider smart money but has had a horrible recent year

Hyperliquid 1.0 looking good here

In the past 9 days, the Bitcoin ETFs have sold more than $2.8B
Which is more than Saylor bought all month even with a record last day of STRC issuance

STRC has had more volatility in the last 5 minutes than in the last 3 months combined
Someone seems to be exiting fast & in size
Maybe they're not a fan of the STRC dividend becoming semi-monthly instead of monthly?

Over the past few days, I've noticed a number of fresh wallets twapping HYPE & staking it to the Unit/HSI validator
Previously I noticed most instis would stake to either Bitwise x FalconX or USDT0 x Luganodes
Could it be that Hyperliquid Strategies has moved some of its execution onchain?

Flood just bought an additional 2 HYPE on the wallet whose 500k HYPE just unstaked

I've decided to never tweet about our purple manlet friends ever again.
Because it's not nice to punch down.
Hyperliquid.

You might like it but this isn't what peak performance looks like