This idea that $HYPE is overowned is just not true imo. Evidenced by both the onchain distribution data as well as anecdotally when I ask non HL natives what % of their port they’ve allocated to $HYPE. There are still tons of passive holders who have accumulated large amounts of $BTC $ETH and $SOL over several cycles and have 8-9 figures plus in uPNL. HYPE hasn’t even been circulating for a full year (don’t forget there are tax implications to this as well). Most of the OGs who owned a large chunk of supply have already distributed to new holders that have much higher entries. These sellers are also not your typical shitcoin trader - they’d buy $HYPE again if the opportunity presents itself (@ThinkingUSD is a great example of this). Finally, just because .hls are a loud minority on X does not mean everyone is overexposed to $HYPE. Ultimately the community is *relatively small and poor compared to the rest of crypto, which is even smaller and poorer compared to all the exogenous bidders out there. Our size is not size compared to the funds and tech billionaires sitting on 8-10 figures of $SOL, the Tom Lees who own 10s of billions of $ETH, and the countless waves of billionaire $BTC whales. Yes, a ton of liquid and venture funds own $HYPE now but none have sized according to the opportunity (most are just now understanding the implications of HIP-3). They also most likely have a higher cost basis than you’d think. Not to mention as more mediums like @Citrini7 and CNBC cover the asset, the token is exposed to an even larger buyer base.