Not hot take: $HYPE is close to a bottom soon.

Bad move from Lighter’s investor trying to FUD.

If you’re a researcher and an investor at the same time, attacking a competitor in such a biased way isn’t a good look.

The upside is we now get to see strong reactions and arguments from the HYPE side:

> Jeff (founder) came out and hit back hard
> The FUD failed miserably because of how strong the HYPE user base is + how good the product is
> The HYPE community feels as strong as Link Marines. They're ready to fight anyone on their lanes.
> More awareness around HYPE stats and HIP-3 offerings means better token holder conversion

Hyperliquid’s average daily revenue is holding at 2m to 3m per day and should climb up once people finish farming Lighter points and rotate back to Hyperliquid’s venue.

The amount of daily buyback at this price looks interesting now.

Given everything, I think Hyperliquid still becomes the house of finance. And Lighter is positioned as a second-place venue that captures smaller users with zero-fee trading and its own chain.