HYPD•HYPD•Hyperion CEO Hyunsu Jung says the HYPE token’s diluted valuation, which neared $75 billion before pulling back, undervalues its shift from a decentralized exchange into an ecosystem with its own revenue. The token, up 150% YTD and down 10% to $67, benefits from ETF inflows, cash generation and buybacks.
Hyperion CEO Hyunsu Jung argues that market participants view the HYPE token too narrowly as a decentralized exchange, overlooking its evolution into a broader blockchain ecosystem. He noted the token’s fully diluted valuation approached $75 billion before the recent pullback and compared it to leading financial firms to illustrate its undervaluation.
The HYPE token reached an all-time high above $76 before declining 10% to $67, yet it remains up more than 150% year-to-date, contrasting with bitcoin’s nearly 30% decline over the same period. This price action underscores strong investor demand despite recent profit-taking.
The rally has been driven by substantial inflows into newly launched exchange-traded funds tied to HYPE, robust revenue generation and an aggressive token buyback program backed by significant cash flow. Additionally, the launch of a HIP-3 perpetual contract on SpaceX shares produced $1.4 billion in volume on its debut day, accounting for 30% of all HIP-3 activity.
Jung envisions HYPE following a path similar to major Layer 1 networks, where application layers generate recurring revenue beyond basic trading. He also highlighted a potential regulatory opening under the Clarity Act that could invite institutional investors, while Hyperion’s own holdings of two million HYPE tokens and revenue from staking and options further bolster its financial position.
