some rambling on $HYPE from someone who doesn't have a pos in it:
it would be amusing if the whole idea of the token buybacks was to prop up the price of the token so that when the unlocks come they can sell for a favorable price
craft a narrative that the team is never gonna sell, they are angels that exist purely to drive value to holders who have done nothing besides press the buy button
they have spent ~$800M in buybacks and have ~8B of core contributor $HYPE tokens being unlocked over the next 2 years
spend $800M (+ whatever buybacks will occur over the next 2 years) to sell their tokens for $7B sounds like a pretty good deal to me
obviously these are all approximations as if they start selling after every unlock token price would drop and people would lose confidence, but its likely their tokens will still be worth a few B even after this
i find it unlikely that any team would throw away hundreds of millions buying back a token instead of pocketing those fees themselves, because greed is simply human nature
the team definitely deserve it imo, and its amusing seeing token holders so entitled like they deserve to make so much profit for pressing a few buttons whereas the team that built the platform don't deserve any
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some rambling on $HYPE from someone who doesn't have a pos in it:
it would be amusing if the whole idea of the token buybacks was to prop up the price of the token so that when the unlocks come they can sell for a favorable price
craft a narrative that the team is never gonna sell, they are angels that exist purely to drive value to holders who have done nothing besides press the buy button
they have spent ~$800M in buybacks and have ~8B of core contributor $HYPE tokens being unlocked over the next 2 years
spend $800M (+ whatever buybacks will occur over the next 2 years) to sell their tokens for $7B sounds like a pretty good deal to me
obviously these are all approximations as if they start selling after every unlock token price would drop and people would lose confidence, but its likely their tokens will still be worth a few B even after this
i find it unlikely that any team would throw away hundreds of millions buying back a token instead of pocketing those fees themselves, because greed is simply human nature
the team definitely deserve it imo, and its amusing seeing token holders so entitled like they deserve to make so much profit for pressing a few buttons whereas the team that built the platform don't deserve any