HYPE: FDV Debate Pushes Focus to Circulating Supply

Matt Hougan highlighted a key discussion on HYPE valuation where Jackkk argued Hyperliquid should price closer to circulating supply than full FDV, noting the 40% future incentives allocation lacks clarity on timing and may prove accretive through buybacks rather than dilution.

With price testing upper Bollinger resistance at $66.2 while RSI sits at 67.72, a healthy retracement to the 50-EMA support at $58.96 seems probable before further continuation as EMA200 holds firm at $50.21 and MACD maintains its golden cross at 1.21. Sophisticated allocators now treat staking rewards and team unlocks as the true inflation vectors, aligning HYPE price prediction models with equity-style analysis over crypto FDV hype.