Want to understand how overpriced $HYPE is? Just look at Coinbase:

-Market Cap: ~$77B
-Assets: ~$230B (based on 2024 reports).
-Users: 110M+ verified users.
-Has exposure to literally every second major crypto project
-Circle: Coinbase co-owns Circle, issuer of USDC.
-Deribit: Acquired for $2.9B (cash + shares).
-S&P 500: Coinbase is a regulated, publicly traded company.

Now compare that to $HYPE: A decentralized exchange not even listed on major CEXs, yet rocking a $35B FDV.
Narratives pump. Fundamentals stay.