Arthur Hayes: HYPE faces valuation multiple compression risk
2025-10-21 14:54:12
Arthur Hayes of BitMEX said in a social media post that HYPE is facing the risk of valuation multiple compression. Annual revenue has almost returned to an all-time high, but the price of the currency is much lower. In the increasingly competitive environment of decentralized trading platforms for perpetual contracts (Perp DEX), speculators are unwilling to pay excessive premiums for uncertain future income.
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