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With BTC and ETH plummeting like this, is it because some sources revealed that Satoshi Nakamoto and Vitalik Buterin also went to Alcatraz? Given the overall market's state, hype stocks are still not discounted. I can only say cherish those hype stocks in the 30s. Previously, Kyle, co-founder of Multicoin, felt the Web3 dream was shattered, but they didn't withdraw their positions; instead, they switched entirely to $hype. It seems this is indeed smart money, and I agree. As I mentioned in my July article (x.com/ZKSgu/status/19442655354...…), the continuous buybacks in the protocol, coupled with more and more wealthy individuals discovering this hidden gem of blockchain value investment, mean that a buying frenzy is getting closer.

MLM
@mlmabc
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/…
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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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