GREYSCALE: HYPE IS STILL UNDERVALUED, WITH FORWARD EARNINGS OF APPROXIMATELY 15-18 TIMES

On 29 July, the greyscale communication stated that HYPE had a forward gain of about 15 to 18 times, that Hyperliquid had a real cash flow and could therefore be valued as a stock, but that the valuation was based on the proceeds per currency, not on the share. On this basis, it still appears to be cheap compared to its financial science and technology counterparts, such as Coinbase, Robinwood and Circle. The line shows that the current figure for hype is $55.32, a significant 1.5 per cent drop on a 24-hour basis。