✍️ Arthur Hayes (@CryptoHayes) sold HYPE not because he lost conviction—he still sees 26x potential by 2028. But in the short term: - Competitors are undercutting fees (China-fication risk) - Token unlocks in Nov = big sell pressure - Revenues not yet strong enough to offset buybacks Fund manager play: take profit now, reload lower later. CoinDesk Live from @kbwofficial(CoinDesk)