In today's @0xResearch market update, we discussed outperformers showing a dichotomy between value- vs. flows-based surges.
On the value side:
- HYPE breaks through all-time highs as stablecoin issuers outbid each other to win Hyperliquid's "USDH" ticker. Migrating $5B in USDC deposits to USDH could represent an additional ~$200M in revenue for Hyperliquid annually, about ~20% of its ~$1B revenue run rate.
- Pump continues to buy back its token at an aggressive pace. Last week, PUMP's daily buybacks averaged 0.12% of its market cap vs. 0.02% for HYPE (6x difference).
On the momentum side, new DATCO raises are driving bids into WLD, ENA, and SOL:
- Forward Industries confirmed Kyle Samani as Chairman and announced $1.65B in cash commitments to accumulate SOL.
- StablecoinX announced on Friday an additional $530M capital raise to buy ENA on the open market.
- Eightco Holdings announced yesterday a $250M raise to implement the first WLD-focused DATCO strategy.
Show original
36.56K
21
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.