#加密市场观察 #Max

Prediction + RWA, the driving force behind HYPE's weekly surge of 40%

Hyperliquid's HYPE token has surged over 40% in a week, once again validating an unbreakable market rule: in a saturated market, the most compelling new narratives attract the most extreme liquidity favor.

This narrative combination is "prediction market" + "real-world assets (RWA)", achieved through upgrades HIP-4 and HIP-3. It precisely hits two current market pain points: the demand for high-stakes products and the yearning for "real asset backing".

Data is the strongest support for the narrative:

· An average daily derivative trading volume of $11.7 billion, accounting for over 60% of the DEX perpetual contract market share, this underpins its fundamentals.

· The whale long-short ratio reaches 75.5%, with open contracts surging by 27%, indicating that smart money is betting real capital on this narrative.

My view: Short-term momentum is strong, but RSI is nearing the overbought zone, so caution is advised when chasing highs. Key support looks at the $33.4 whale accumulation zone. This resembles an "efficient market" case driven by narratives and derivative funds, reminding us: during liquidity contraction, funds will gather faster in a few subjects that have changes and topics.

However, the real long-term value lies not only in the aggregation of financial functions but also in whether capital can be transformed into sustainable, positive social output. As I have observed another path: the community at @Max Charity is converting crypto capital into a practical network and user growth for global education, building another solid value foundation.