@chase_manning_

I pulled every hyperliquid spot listing's auction price. Of the 10 most expensive auctions ever paid, 5 are now down 90%+ BEATS: paid $546k → mcap $8k (-99%) HWTR: paid $424k → mcap $6k (-99%) DEPIN: paid $486k → mcap $14k (-97%) NEKO: paid $429k → mcap $18k (-96%) HYENA: paid $384k → mcap $36k (-91%)

The validator is currently jailed, inactive, has 0% uptime. Its name is literally the string "<NAME>" (placeholder). Their 10k HYPE self-stake puts it 400x below the threshold to enter the active set. They need around $164M staked to become active. They are signalling intent, but haven't actually started doing anything yet. The question is whether they bring delegations from xyz/Unit users, or top up self-stake to 4M HYPE, before the next set rotation.

Nobody publishes the full hyperliquid spot auction history. we just pulled it. 458 tokens, every clearing price and timestamp from June 2024 through this week. The chart is the cleanest sentiment indicator on the chain. CSV is open souce here: https://t.co/MTklla3xC3 https://t.co/BY39Xz9WDP

October 2025: 40,886 wallets got liquidated on Hyperliquid for the first time. That's more first-time liquidations in a single month than all of 2023 and 2024 combined. https://t.co/8MmYhYK7HR

The first ever tokenized HIP-3 perp ~ Now testing in prod on HyperEVM. https://t.co/PZxePYGiqE