The average $HYPE airdrop is now worth $28,398. If mercenary airdrop farmers are the culprit for down-only charts, why is Hyperliquid with one of the largest airdrop allocations up-only? Furthermore, over 100 individuals/entities hold >400K HYPE Tokens. The #2 holder owns 238M (!) HYPE Tokens. I presume a large % of the top holders are VCs/Institutions that were forced to TWAP in through the open market. People really do seem to love that particular coin - almost as if it's the Future of Finance with a wildly decentralized distribution profile.
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