Multicoin's Hyperliquid (HYPE) Analysis & Valuation
Multicoin's Hyperliquid (HYPE) Analysis & Valuation Hyperliquid generated ~$873M in revenue in 2025 across $2.9T in volume Massive Growth Catalysts Ahead: HIP-3 (permissionless markets) + HIP-4 (options/prediction markets) + the Coinbase USDC deal capturing treasury yield + builder code distribution Bear case: $109 Base case: $319 Bull case: $689 https://multicoin.capital/2026/06/25/hyperliquid-hype-analysis-and-valuation/
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