The price of Bitcoin is still hovering around $90,000, having evaporated nearly 30% from the historical high of $126,000 set a month ago. On the surface, institutions continue to accumulate, ETF inflow data appears healthy, and analysts still shout that "a $200,000 price is not a dream," but what about the actual data? Long-term holders have sold over 815,000 BTC in the past 30 days, a new high since January 2024; single-day ETF redemptions once approached $1 billion.
At this juncture, a Layer2 project named Bitcoin Hyper ($HYPER) has surpassed $28 million in presale amounts without being listed on any centralized exchanges or having any institutional endorsements. The largest single whale purchase exceeded $500,000. Could it be the missing piece in the Bitcoin ecosystem?
Bitcoin has a market cap of $2.2 trillion, with holders including sovereign nations, hedge funds, and publicly listed companies, yet its underlying network resembles a highway from the last century, peaking at 7 transactions per second, congesting when crowded, with fees often reaching dozens of dollars. The Lightning Network attempts to solve payment issues but remains stuck in the experimental phase of "small instant payments," struggling to support complex DeFi, gaming, or RWA.
Meanwhile, capital is flowing. Since 2025, funds are no longer indiscriminately chasing meme coins but are precisely targeting infrastructure with real throughput, low fees, and practical use cases. The Ethereum and Solana ecosystems are thriving, while the Bitcoin ecosystem remains a desert. Although Ordinals and Runes brought brief excitement, high fees and long confirmation times have stifled most applications.
The emergence of Bitcoin Hyper precisely targets this pain point.
The Bitcoin Hyper team has designed a Layer2 chain that utilizes the Solana Virtual Machine (SVM) and zero-knowledge Rollup, locking BTC on the main chain while generating a one-to-one mapping on Layer2, achieving transaction speeds close to Solana, with smart contracts functioning normally, and all operations ensuring security through periodic returns to the main chain. This means Bitcoin can participate in high-frequency trading and complex on-chain activities while maintaining underlying security.
This can be considered one of the closest solutions to a native Layer2 in the current Bitcoin ecosystem. Rust developers and Solana native projects can migrate at almost no cost, while Bitcoin holders can finally generate returns from BTC without risking a move to other public chains. The project claims that smart contracts and bridge code have been audited by Coinsult and SpyWolf, with no critical vulnerabilities found. Presale funds will be used for testnet, mainnet launch, liquidity incentives, and DAO governance. According to the roadmap, Bitcoin Hyper will launch its mainnet in Q4 2025 and gradually hand over to the community in 2026. Of course, the technical implementation is just the beginning; more importantly, the market demand for Bitcoin is also shifting towards practical applications.
The narrative of Bitcoin as a "store of value" once functioned like a perpetual motion machine, pushing the price from $70,000 in 2024 all the way up to $126,000. Companies like MicroStrategy hoarded BTC as a new type of government bond, while institutions bought ETFs as a new form of U.S. Treasury. However, once the market cap surpassed $2 trillion, marginal buyers gradually dried up, and long-term holders sold 815,000 BTC in the past 30 days, causing the price to drop back to $90,000 overnight. The market has directly communicated that merely being digital gold is no longer sufficient; gold must also generate yield and be usable. Thus, the market's demand for Bitcoin has begun to shift towards "value utilization." Investors are no longer satisfied with static holding; they want to activate dormant BTC to generate yield, circulate, and create actual value on-chain. This change in demand provides a natural soil for the development of Layer2 technology.
In Ethereum and Solana, the Layer2 race has already intensified, with the winner-takes-all model repeatedly validated. In 2021, Polygon suddenly siphoned off 70% of Ethereum's gaming traffic, and in 2024, Base increased Coinbase's on-chain daily active users tenfold. These precedents clearly indicate that as soon as a truly usable Layer2 emerges, traffic and funds will flood in like a deluge.
Now, it is Bitcoin's turn. Whoever can truly combine Solana-level throughput with Bitcoin-level security may become the "Solana on Bitcoin."
From a macro perspective, institutional investors have begun to reassess Bitcoin's potential.
In 2025, with a new government in the U.S., Bitcoin strategic reserves, tokenization of government bonds, and RWA on-chain have been repeatedly mentioned. BlackRock and Fidelity's spot ETFs have attracted over $50 billion, but this capital only buys price exposure, not true on-chain assets. To truly move trillions of dollars in bonds, stocks, and real estate onto the chain, there must be underlying infrastructure that possesses both Bitcoin-level security and Solana-level speed.
Bitcoin Hyper is precisely positioned at this intersection. Once the bridge is operational, institutions will no longer need to transfer BTC to Ethereum or Solana to earn 5% annualized returns; they can earn 20%, 50%, or even higher within the Bitcoin native ecosystem. At the same time, retail investors can use BTC to play games on-chain, buy coffee in real-time, and avoid high transaction fees.
More institutions entering the market also means a significant increase in on-chain liquidity, and the DeFi market's TVL will welcome a new round of expansion, with ecosystem activities that were originally concentrated in Ethereum and Solana expected to partially flow back to the Bitcoin network. Additionally, as the usability of BTC increases, on-chain application scenarios will continue to expand, including financial derivatives, gaming, social, and content creation.
In other words, Bitcoin will undergo an evolution from passive holding to active allocation and from mere value storage to comprehensive application; its "Wall Street moment" has just begun. At this critical juncture, Bitcoin Hyper may be the key to truly mobilizing trillions of dollars in assets.
Related: Analyst: Bitcoin (BTC) pullback should not be blamed on U.S. government shutdown or AI bubble concerns
Original: “As long-term holders dump 815,000 BTC, an unbacked presale token attracts $28 million”
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