DATs like Hyperliquid Strategies set to close in December 2nd with $305M in cash to deploy plus another $1Bn raise post.
Assuming 50% of the $1Bn post raise is used to buy and stake HYPE then $705M is set to be deployed for a single entity in 2026.
We laid out paths for revenue in 2026 outside of HyperCore growth which people may be underwriting given when happened with CEXs on 10/10. Aligned stablecoins and HIP-3 will scale faster than people expect.
The good thing is HSI will end up having a cheap cost basis and future flows are predictable from Assistance Fund buybacks. I think the Hyperliquid DATs will end up buying multi-billions of HYPE post launch which essentially acts as a second AF.
The Math checks out and the path for expanding revenue is clear. HYPE is the first asset the market will allocate to in size once it reverses.
Ser just some simple maths will tell you the only way $HYPE overcomes the uncertainty is massively growing rev. Even if the team pinky swears to not sell, there is nothing holding them to that. So you have to assume a >0% amount of daily sell pressure. The market is already discounting this bc, P/FDV fell 50% since the price ATH in July.
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