You Won’t Believe What Happened When Machi Big Brother Sold His HYPE Tokens! 🤯

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Once upon a time in the not-so-treacherous land of Taiwan, there lived a music celebrity and modern-day digital asset wizard known as Jeffrey Huang, or as he fancily preferred, “Machi Big Brother.” Now, this fellow decided it was high time to exit his Hyperliquid holdings faster than you can say “What the HYPE?” After all, he had a bit of a meltdown regarding the upcoming vesting schedule that was looming over him like a heavy cloud of poorly timed puns.

In a tale that involves more drama than a soap opera season finale, Machi Big Brother sold a whopping $25.8 million worth of HYPE tokens, thus realizing a spectacular loss of $4.45 million. Yes, you read that right-he practically threw cash into the air like it was confetti, only it wasn’t exactly celebratory. It was more like a “whoopsie-daisy” moment that had blockchain data analysts making grimaces while sipping their tea.

And as if that wasn’t enough to grab your undivided attention, the poor chap also waved goodbye to over $19 million in unrealized profit over a frightfully turbulent week. Oh, how the mighty fall! And yet, through thick and thin, he kept his earthly ETH long position worth a mind-boggling $117 million and a dazzling $28.4 million Pump.fun (PUMP) position. Because apparently, when the going gets tough, the tough just diversify, right?

But wait! Like a classic horror film, enter the whale withdrawal scene, which occurred mere hours earlier with a dramatic swoosh of $122 million in HYPE tokens. This ominous event set off alarm bells, hinting that perhaps the HYPE token might not be as tough as a two-dollar steak when it comes to absorbing incoming supply pressure.

Hold onto your HYPE: Analysts Sound the Alarm! 🔔

Ahead of what has been dubbed “the great HYPE unlock of 2023,” none other than BitMEX co-founder Arthur Hayes, or more aptly described as the family office fund’s fearless captain, Maelstrom, decided to unleash a prophecy about impending doom. This prophecy foretold that on November 29, the grand reveal known as the “first true test” would commence as $11.9 billion worth of HYPE tokens would be released like unwanted invitations to a family reunion.

This illustrious vesting schedule is set to distribute HYPE tokens to team members, and according to Maelstrom researcher Lukas Ruppert, current buybacks will only manage to absorb a mere 17% of that monthly supply. Quick math for the mathematically challenged: that leaves us with a staggering $410 million in potential oversupply. 🚨

In what can only be interpreted as a diplomatic move, Hayes exorcised all his HYPE tokens, reportedly to pay for a shiny new Ferrari that could whisk him away from this chaos. Talk about prioritizing, huh?

Rivalry Ramps Up: Market Share Tumbles 📉

And speaking of chaos, Hyperliquid’s perpetual futures market share has plummeted faster than a cat in water, crashing down to a modest 33% from a whopping 65% back in the sunny days of mid-July. Data from Dune does indeed give me wrinkles just thinking about it!

Now, with Hyperliquid’s market share spiraling downwards like an elevator stuck in reverse, Sarah Song, the head honcho of business development at BNB Chain, made a remarkable observation about this wonderfully turbulent landscape. She suggested that the sector is evolving faster than a hamster on a caffeine high, and that new models are blooming that could make user behaviors dance the tango!

As if reading from a script, she warned about the ongoing need for revolutionary protocol improvements to address “foundational challenges” like sustainable liquidity provisions and diverse collateral types. Apparently, it’s not all glitter and gold-cost efficiency and latency remain as critical constraints as they wait in the wings for a grand entrance. 🎭

And in a twist of fate often seen only in reality shows, Aster’s market share skyrocketed from a measly 1.3% to an impressive 20% in just two months. Meanwhile, Lighter also managed to enhance its own market share from 12.8% to a surprising 17.1%. One could say it’s a real renaissance of decentralized platforms!

In a final flourish, on Thursday, Binance’s co-founder Changpeng Zhao brought a new decentralized perpetuals exchange to life, and lo and behold, Aster briefly soared past $2 billion in total value locked. Not to be outdone, HYPE tokens even hit an all-time high of $59.29 on Thursday, immediately followed by a dive back down to $48.20 (down about 9% weekly). 🎢 But who needs stability when you have excitement, right?

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2025-09-23 15:33