Looking at the charts lately? That DeFi perpetual platform token has been bleeding pretty hard across the board.
Against SOL - down a solid 25% over the past month. Against ETH? Even worse - we're talking 45% drop since July. And if you're tracking it against BTC, it's shed 35% in just two months.
The HYPE token performance tells an interesting story about how altcoins are performing relative to majors right now. When your asset is dropping harder against everything - whether it's SOL, ETH, or BTC - it raises questions about either broader market rotation or project-specific headwinds.
Anyone else tracking these cross-pair moves? Sometimes the real alpha is in the ratios, not just USD prices.
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GasWastingMaximalist
· 13h ago
45% for ETH? That’s just brutal. Feels like this project is done for.
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GasFeeWhisperer
· 12-07 18:59
45% is a direct drag on ETH, what's even the point of playing...
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AirdropFatigue
· 12-07 18:58
A drop in ratio is indeed something to be wary of. Looking at the past few months, there hasn't been a single good one.
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StableCoinKaren
· 12-07 18:58
The ratio really looks like it's slumping; this thing drops no matter what you compare it to.
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ThesisInvestor
· 12-07 18:54
The percentage drop is so severe. It doesn't feel like a market issue; it seems like something went wrong with this project itself.
Looking at the charts lately? That DeFi perpetual platform token has been bleeding pretty hard across the board.
Against SOL - down a solid 25% over the past month. Against ETH? Even worse - we're talking 45% drop since July. And if you're tracking it against BTC, it's shed 35% in just two months.
The HYPE token performance tells an interesting story about how altcoins are performing relative to majors right now. When your asset is dropping harder against everything - whether it's SOL, ETH, or BTC - it raises questions about either broader market rotation or project-specific headwinds.
Anyone else tracking these cross-pair moves? Sometimes the real alpha is in the ratios, not just USD prices.