🔥 The market is underestimating the impact of USDC/Circle becoming the treasury deployer for the Hyperliquid ecosystem (I agree with @arndxt_xo.). This is far more bullish than most people realize, with 4 major catalysts: - @coinbase bought around $20M worth of $HYPE over the past week, added another $5M today, and staked all of it. - Circle/USDC officially becoming Hyperliquid’s treasury deployer could generate around ~$150M in annual interest revenue for the HL ecosystem. - @HyperliquidX is benefiting from massive trading activity around $CBRS during its IPO launch. - The launch of $CBRS by @tradexyz showcases extremely strong execution and incredibly fast time-to-market. Among these, Circle managing the USDC treasury on Hyperliquid is seen as the biggest catalyst. Around 90% of the generated yield is expected to flow back into the Hyperliquid ecosystem, creating a strong flywheel: 👉 higher revenue → more buybacks → stronger support for $HYPE price.