The conditions for what made the “Hyperliquid playbook” possible are ~impossible to replicate. S tier gigabrain founders, with deep domain expertise from HFT, who independently already have the financial means to not need to raise VC *or* even use revenue to fund operations. Once in a generation type shit

It’s like all the right qualities aligning together. If they raised, I doubt it’d have gone this smooth because yh were need to answer to their masters, VCs will likely dump and cause FUD or and the airdrop would’ve been lower as well