According to @KookCapitalLLC, an alleged attack against Hyperliquid, which they describe as coming from a “Binance mafia,” was the catalyst that flipped their stance and led them to enter with size that day (source: X post by @KookCapitalLLC, Aug 30, 2025). According to @KookCapitalLLC, they entered despite not having deep knowledge of Hyperliquid or a long-term thesis at the time, highlighting a tactical, event-driven trading decision based on the incident (source: X post by @KookCapitalLLC, Aug 30, 2025). According to @KookCapitalLLC, the Binance-related characterization is their allegation and is not independently verified within the post (source: X post by @KookCapitalLLC, Aug 30, 2025).