This is exactly what's going to keep happening.
VCs will be rotating from the old coins like ETH, SOL, XRP, and all the other vaporware BS into the only new coin that they didn't have exposure to.
Hyperliquid is the closest thing to Bitcoin, and it has clearly decoupled from the rest of the market.
MLM
@mlmabc
02-05
Looks like wallets linked to Multicoin Capital are rotating a large amount of ETH into HYPE.
Since January 22, wallets sent 87.1K ETH ($220M) to a Multicoin-linked Galaxy Digital deposit address. On January 23, one day after the first deposit, a Multicoin-linked wallet started x.com/mlmabc/status/…
who is the next marginal buyer of HYPE?
every crypto holder who owns BTC/ETH/SOL
smartestmoney.hl
@smartestmoney
02-05
Everyone wants a scapegoat to blame for crypto's failure. Some blame binance, some blame Trump and some blame DATs. There's others to blame too - all the gazillion L2s and infra projects, team extractors, etc etc. At the end of the day, all of these players are serving a need - x.com/taran_ss/statu…
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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