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124 day downtrend
$HYPE is now down -65% from it's September peak
Today Hyperliquid has:
- Annualised 30d revenue of $700m
- Higher OI than the rest of the top 10 perp markets combined
- 5 live HIP3 markets, with XYZ hitting new ATHs in volume and OI
At $21, it trades at a P/E of 29
Is this the bottom, or is $HYPE going into the teens?