Memecoins at Hyperliquid That Could Make it Big

betswift

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Quote from: tokeweed on September 01, 2024, 08:56:11 AM

One of the spot tokens in HL that I'm not really sure why it never really got any traction is GMEOW. It's like the official 'gm', everybody is saying it, seems like everybody loves saying it, but the token never really got bought up and held. And what's worse is it got sold down... By a lot. Lol. Cheesy

So what does that tell us? I saw somebody in Discord who said that it was prolly because of a lack of culture. Could be true but then again culture will be made during shtty times like the one we're having right now.

As we can see it slowly got down from its formal price, which can mean a lot of things, more analysis is needed Grin

It's either that the team behind it couldn't keep up with the temp and hype around their project or got what they wanted Grin

It's trading volume is dead, though. $449.91 while having a cap of $212,429. Not a good sign Grin

tokeweed

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One of the spot tokens in HL that I'm not really sure why it never really got any traction is GMEOW. It's like the official 'gm', everybody is saying it, seems like everybody loves saying it, but the token never really got bought up and held. And what's worse is it got sold down... By a lot. Lol. Cheesy

So what does that tell us? I saw somebody in Discord who said that it was prolly because of a lack of culture. Could be true but then again culture will be made during shtty times like the one we're having right now.

dbshck

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Quote from: dansus021 on August 24, 2024, 04:48:32 AM

It is very rare if the Hyperliquid don't have VC but after I do quick search on https://crypto-fundraising.info/ it seems true that Hyperliquid don't have VC. It seems the dev have ton of money.

Yeah one of the founder (Jeff) was a HFT trader at Hudson River Trading before starting his own crypto MM firm. The fact that the Hyperliquid team is small (only about five people, IIRC) also might explain why they could fund themselves without relying on VC and outside funding.

Quote from: dansus021 on August 24, 2024, 04:48:32 AM

I just wonder Are u trade using spot only or futures too?

I do both spot and futures on HL. I've been using HL for my futures trading over the past two months, and I also hold HL's spot coins to farm points and generally bet on HL's success. I think as more USDC flows into HL's spot market, it could drive up the overall market cap of these coins, potentially pushing their prices higher.

That said, it's still incredibly risky. There are a lot of uncertainties, like when the HL Token Generation Event will happen, whether there'll be a Season 3, and the possibility that the prices of these memecoins could tank after this points season ends in late September.

dansus021

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Quote from: dbshck on August 20, 2024, 01:38:41 AM

You've got a point about the memecoin market, but Hyperliquid's memecoins are a different breed. The key differentiator? Buying and holding these coins currently accrues points for their upcoming token launch. This adds a layer of utility beyond mere speculation.

I'm personally bullish on Hyperliquid for two main reasons:

It's a high-performance DEX with significant volume and TVL
Zero VC or outside investment. The team is 100% self-funded, which is rare in this space.

That second point is particularly intriguing. In the current altcoin landscape, we often see investor token unlocks creating significant sell pressure, which can hinder proper price discovery. Hyperliquid's approach eliminates this issue. Moreover, the absence of investor allocations potentially means a larger piece of the pie for airdrops and community initiatives.

It is very rare if the Hyperliquid don't have VC but after I do quick search on https://crypto-fundraising.info/ it seems true that Hyperliquid don't have VC. It seems the dev have ton of money.

I just wonder Are u trade using spot only or futures too?

Quote from: tokeweed on August 20, 2024, 07:30:19 AM

Sure... Bulls come and go but you know what? I think the massive buy ups we've seen this year on memecoins was not actually it. There's gonna be a more massive one coming next year or 2026 that could make memecoins like WIF or PEPE trend up to 50b market cap. But not yet. It will prolly happen like last time when memes got huge money coming in at near the end of the bull market.

Dunno tho.. But be on the look out for the more popular memes.

Yeah it is going safe if we only buy the top memecoin I just looked into the PURR, zoomed out the chart and found that this memecoin is on a up trend I think is too late for me to buy this coin haha

tokeweed

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Quote from: dbshck on August 19, 2024, 10:37:29 AM

Ah fellow Hypurrliquid enjoyer here! $PURR has been on a downtrend for since reaching the $0.22 ATH last month, following the overall market trend. Holding a bag myself, but I'm not too worried - in it for the long game and those juicy points.

Quote from: tokeweed on July 16, 2024, 08:39:44 AM

I have a tad over 1300 points in just 5 weeks of holding and trading.

Impressive stack. That's over a milly (if we reach $800 per point Cheesy

)

Yup yup.

And oh man... If the 800 meme really manifests, that would be enough for me to relax from all this crypto trading sht a bit and just bet on the UFC. Grin

Quote from: dansus021 on August 19, 2024, 11:23:04 AM

I dont know frenn but the market for memecoin is at bubble in my opinion because there are a ton of memecoin everyday floating around the market, if you look at the dexscreener you can see a lot of memecoin being actively traded and some of them are dead, and if you look at the site like pump.fun you can see memecoin creating each second.

The article says it all "According to DeFiLlama data, the platform's cumulative revenue is currently at $94.5 million, up from $50 million at June's end. Since launching in Jan. 2024, the platform has facilitated the generation of over 1.8 million memecoins, leveraging Solana's low transaction fees." - https://www.theblock.co/post/311726/pump-fun-nears-100-million-cumulative-revenue-within-eight-months-of-launch

Sure... Bulls come and go but you know what? I think the massive buy ups we've seen this year on memecoins was not actually it. There's gonna be a more massive one coming next year or 2026 that could make memecoins like WIF or PEPE trend up to 50b market cap. But not yet. It will prolly happen like last time when memes got huge money coming in at near the end of the bull market.

Dunno tho.. But be on the look out for the more popular memes.

dbshck

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Quote from: dansus021 on August 19, 2024, 11:23:04 AM

I dont know frenn but the market for memecoin is at bubble in my opinion

You've got a point about the memecoin market, but Hyperliquid's memecoins are a different breed. The key differentiator? Buying and holding these coins currently accrues points for their upcoming token launch. This adds a layer of utility beyond mere speculation.

I'm personally bullish on Hyperliquid for two main reasons:

It's a high-performance DEX with significant volume and TVL
Zero VC or outside investment. The team is 100% self-funded, which is rare in this space.

That second point is particularly intriguing. In the current altcoin landscape, we often see investor token unlocks creating significant sell pressure, which can hinder proper price discovery. Hyperliquid's approach eliminates this issue. Moreover, the absence of investor allocations potentially means a larger piece of the pie for airdrops and community initiatives.

dansus021

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I dont know frenn but the market for memecoin is at bubble in my opinion because there are a ton of memecoin everyday floating around the market, if you look at the dexscreener you can see a lot of memecoin being actively traded and some of them are dead, and if you look at the site like pump.fun you can see memecoin creating each second.

The article says it all "According to DeFiLlama data, the platform's cumulative revenue is currently at $94.5 million, up from $50 million at June's end. Since launching in Jan. 2024, the platform has facilitated the generation of over 1.8 million memecoins, leveraging Solana's low transaction fees." - https://www.theblock.co/post/311726/pump-fun-nears-100-million-cumulative-revenue-within-eight-months-of-launch

dbshck

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Ah fellow Hypurrliquid enjoyer here! $PURR has been on a downtrend for since reaching the $0.22 ATH last month, following the overall market trend. Holding a bag myself, but I'm not too worried - in it for the long game and those juicy points.

Quote from: tokeweed on July 16, 2024, 08:39:44 AM

I have a tad over 1300 points in just 5 weeks of holding and trading.

Impressive stack. That's over a milly (if we reach $800 per point Cheesy

)

tokeweed

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I case you guys are waiting for a correction to get into Hyperliquid spot and accumulate some points, start getting into it now. It's all gonna start trending up again and the next correction will be higher from here. So if you have a little something saved up from your past airdrops, use it now. You won't regret it as Hyperliquid is giving a decent amount of points every week. I have a tad over 1300 points in just 5 weeks of holding and trading. And it's not even hugr positions. Just 500 bucks spent per token across 5 to 6 different tokens.

Each HL point is around 4.70 bucks each in Whales Market.

tokeweed

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Uh guys..? In case you didn't notice, Hyperliquid spot memecoins have been doing very well. Wink

The ones I told you guys about are up by more than 3x if you got in lower and they're still going strong rn. And I'm sure it's because of the points system which have been paying really good. I have 1000 points now just from the last 4 weeks that I have been trading spot tokens.

And looking at Whales Market, each Hyperliquid point is around 3.40 USD a piece. So that means I have 3.4k USD on top of my spot positions at Hyperliquid... Not too shabby.

And guess what, it's not stopping until the points campaign ends.

tokeweed

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JEFF just made the strict list together with a memecoin called POINTS. Lmao. Cheesy

So yeah... The Hyperliquid devs basically are vouching that these memecoins are not scams. So that's 3 out of 4 for our list at OP.

So yeah, I'm holding all 4 of those and a couple more. One if called RUG and the other is called PUMP. Lolol. I hope these two won't fail me. It's been going up so far tho. I hope it does so until September.

Stay safe out there guys...

tokeweed

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^ I'm not really that good too. Cheesy

But it's the points campaign that's propping up most of the memecoins in Hyperliquid spot. So it's easier to pick winners. The problem now is which tokens move faster on average and which ones are the laggards. Evdn if you pick a laggard, you're still good as the price action is positive. Lol.

But yeah, it is what it is... Fade or follow, up to you guys.

libert19

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^ I ain't good in trading, if I trade on hyperliquid to earn points, I'd likely lose more in trading than points earned lol. Regarding memecoin suggestions, have been burned with memecoins enough, have no motivations to bother anymore.

tokeweed

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If you guys are still not playing around Hyperliquid spot tokens then I think you guys should start now. It's starting to pick up steam with most of spot starting to go up. PURR also looks like it has bottomed out. Don't miss out... And what's really good about it is you get some points every Friday to qualify for Hyperliquid's airdrop.

I'm not just yapping here. I'm telling you guys, it's good.

libert19 tell them. Cheesy

tokeweed

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Ok... Not sure how long it will last, maybe until the season 2 points campaign is over... But Hyperliquid spot market seems like a good place to park some money as most of the memecoins over there habe just started to trend up. I'm also not sure if I'm go a jinx it after this post. Lolol. Might start to go the other way for all I know. Cheesy

But yeah, if you have a small bankroll, it'll be a decent move. Stay away from PURR tho. Perp traders who airdropped PURR are dumping it to maintain funding of their perp longs. Cheesy

Ouch..

tokeweed

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^ Season 1 was totally all for volume made in their perp exchange. I didn't really participate apart from small trades I made with ticker $BITCOIN which I surely lost more in those trades than the points I accumulated. Cheesy

Right now at season 2, they're focus is towards their new spot market. The criteria for collecting points is unclear but safe to say that volume is what matters with these things. The more trades you make, the more points they give you.

God bless u

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Quote from: tokeweed on June 08, 2024, 09:20:41 AM

^ Oh for sure these things are very risky. And from the 4 memecoins that I've talked about, only JEFF and HFUN look like they're gonna achieve escape velocity. PURR and GMEOW looks like they have slowed down. There are also other memecoins in Hyperliquid's spot market but none are worthy to mention.

Oh and I forgot to mention that Hyperliquid is in season 2 of their points program with a focus on their spot market. It started May 29 and it's gonna run for 4 months. So expect these things to pick up in activity and if not, then it's prolly a sign their points thingy is underfarmed. Wink

It's a win win.

can you please share your experience regarding the season one if the hyperliquid so that it could help us understand more clearly what was the performance of these in the past and it will automatically make it better and clear for us to predict its Future performance.

Kindly mention the details of your Investments and the parameters you had in your mind while investing. Then explain us that did the investment meet your expectations or not?

tokeweed

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^ Oh for sure these things are very risky. And from the 4 memecoins that I've talked about, only JEFF and HFUN look like they're gonna achieve escape velocity. PURR and GMEOW looks like they have slowed down. There are also other memecoins in Hyperliquid's spot market but none are worthy to mention.

Oh and I forgot to mention that Hyperliquid is in season 2 of their points program with a focus on their spot market. It started May 29 and it's gonna run for 4 months. So expect these things to pick up in activity and if not, then it's prolly a sign their points thingy is underfarmed. Wink

It's a win win.

bluebit25

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Quote from: God bless u on June 07, 2024, 09:55:51 AM

Quote from: tokeweed on June 04, 2024, 08:58:24 AM

Let's talk about the memecoins at Hyperliquid L1, what prolly is the 'best next gen blockchain'. Lol. Cheesy

So I looked around their website, Discord, other online stuff and asked a couple of guys about HL... And it looks like the memecoins that's close to the heart of their community's culture are PURR, JEFF, HFUN and GMEOW.

PURR is the OG memecoin that was airdropped to the guys who regularly trade in HL's perp market. It's kinda like Jupiter's WEN token.

JEFF is a token named after Hyperliquid's top dev and founder. Jeff is Hyperliquid's Vitalik or Monad's Keonne Hon. Super smart dudes.

HFUN is the second memecoin to be listed. But it's not really a memecoin because it has utility. It's the token of their sniping bot in TG... Kinda like Unibot and Banana Gun.

GMEOW is their community's 'GM'. 'Nuff said.

I think these kind of investments are only for the one that can afford to lose the money they can spend in memecoins because with these kinds of high risks investments there is almost 90 percent change of loss and the remaining 10 percent has 0 percent chance of happening.

Jokes apart but high yield never means you should invest the risk factor should also be considered and monitored closely.

Honestly these are risky categories and it doesn't need to be complicated just FOMO so that the pump/dump process is for the pursuers, and the early bird holds more advantage. Even though I've listened to Hyperliquid but haven't come into contact with them in detail, maybe everyone is talking about it so I'll take some time to find out the difference between it and some other things mentioned around. As for the memecoin issue in the current scene in the crypto space, there are actually a lot of things that come up where search terms or techniques are brought up but it's never been the main reason for me

God bless u

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Quote from: tokeweed on June 04, 2024, 08:58:24 AM

Let's talk about the memecoins at Hyperliquid L1, what prolly is the 'best next gen blockchain'. Lol. Cheesy

So I looked around their website, Discord, other online stuff and asked a couple of guys about HL... And it looks like the memecoins that's close to the heart of their community's culture are PURR, JEFF, HFUN and GMEOW.

PURR is the OG memecoin that was airdropped to the guys who regularly trade in HL's perp market. It's kinda like Jupiter's WEN token.

JEFF is a token named after Hyperliquid's top dev and founder. Jeff is Hyperliquid's Vitalik or Monad's Keonne Hon. Super smart dudes.

HFUN is the second memecoin to be listed. But it's not really a memecoin because it has utility. It's the token of their sniping bot in TG... Kinda like Unibot and Banana Gun.

GMEOW is their community's 'GM'. 'Nuff said.

I think these kind of investments are only for the one that can afford to lose the money they can spend in memecoins because with these kinds of high risks investments there is almost 90 percent change of loss and the remaining 10 percent has 0 percent chance of happening.

Jokes apart but high yield never means you should invest the risk factor should also be considered and monitored closely.

Topic: Memecoins at Hyperliquid That Could Make it Big (Read 288 times)