Institutional bets on native DeFi will likely include $HYPE Cathie Wood reiterated today that $HYPE is a worthwhile buy. Ark Invest and Fundstrat have both released reports bullish on $HYPE. While we all know what happens in the short term when institutions overwhelmingly favor a particular coin 🥶, at least we can be certain that $HYPE has a good chance of becoming a blue-chip coin that weathers bull and bear markets. Although perpdex's overall valuation is declining, once the market recovers and trading volume reaches an inflection point, strong coins will emerge. $HYPE's recent rebounds have clearly occurred during the market's most vulnerable periods; such coins are indeed rare, perhaps only accounting for 1%.

HYPE suddenly reprices +50% the same week as TradFi figures bullpost Hyperliquid. Coincidence or not? Both Ark Invest (Cathie Wood) and Fundstrat (Tom Lee) covered Hyperliquid in a positive light recently, see attached images. Hyperliquid

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