Normie Sunday recap
$CHIBI was the obvious trade this week after elon changed his pfp. once the timeline filled up with chibi avatars, the attention phase was already done and it became a liquidity game. at this point it’s crowded, not early.
The
$USR from
@ResolvLabs exploit today is the same pattern again. if minting depends on a single authority, its not a market risk, its a design flaw. those don’t get priced in until they break.
$BTC's "rally" couple days ago didnt change anything. no shift in structure, no real demand behind it. It got sold into pretty quickly, which is what you would expect in a weak environment.
Also do remember you can now trade SP500 on our platform since hyperliquid has added it few days ago.