HYPE rose 16% in 24 hours, with a price of about 39.48U, and a fully diluted market value of nearly 40 billion, while BNB is about 94.5 billion

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Followin message, according to on-chain analyst Ai's monitoring, Hyperliquid reached a new single-day fee record since 2025 on May 21, amounting to $4.65 million. The platform has accumulated fees of $55.4 million from May to date. He believes: James Wynn's position of $1.2 billion, Hyperliquid may become the biggest winner.

@BroLeonAus comments: "In the future, on-chain Perpdex's competition for such gambling whales will be a focus and one of the core competitiveness, not just depth and hardware functions currently being discussed."

Currently, HYPE is priced at 39.48U, reaching a historical high, with a 16% increase in 24 hours. HYPE's fully diluted market cap is close to $40 billion, with a circulating market cap of $13.1 billion. Compared to BNB, with a fully diluted market cap of $94.5 billion, which is about twice the former.

Currently, HYPE's popularity is very high, but some practitioners have a pessimistic view of its future trend.@0x0xFeng comments: Growth has reached its ceiling, with strong competitors. It's not yet time to short, but I'm waiting. Although there are many big shots and top-tier talents hyping it, I believe the best short target with large capacity, good liquidity, and the clearest logic might be Hype.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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