The Hyperliquid [HYPE] community is currently facing a crucial decision regarding the upcoming monthly token unlocks set to start in November. Whales and community members are expressing concerns about the potential impact of these unlocks on the price of HYPE. In response to these concerns, a proposal has been put forward to cut the overall supply of HYPE by 45%.
This proposal, suggested by pseudonymous crypto researcher Hasu of Flashbots and Jon Charbonneau, aims to burn all 31 million HYPE tokens from buybacks and eliminate the upcoming tokens (421 million HYPE) intended for community growth. According to the proponents of this proposal, reducing the supply of HYPE by 45% could have a positive impact on the token’s value.
However, not everyone in the community is in favor of this supply cut. Some argue that it could negatively affect community members and users of the Hyperliquid platform. Despite these concerns, the debate surrounding the supply cut is intensifying as the November unlocks draw closer.
The unlock of $12 billion worth of HYPE tokens over the next 24 months is also causing anxiety among investors. The Maestrom Fund, a family office for BitMEX founder Arthur Hayes, has projected a bearish outlook for HYPE due to the large supply overhang that is not yet priced in. This projection has prompted the fund to start offloading its HYPE holdings, adding to the downward pressure on the token’s price.
Over the weekend, another whale reportedly withdrew over $120 million worth of HYPE, signaling a potential sell-off. Despite these developments, Arthur Hayes remains optimistic about HYPE’s long-term prospects, suggesting that a 126x rally is still possible by 2028 after the unlocks.
The recent debut of Aster [ASTER] perpetual DEX, a rival platform, has also contributed to the negative sentiment surrounding HYPE. As a result, HYPE’s price has dipped below $50, raising concerns among investors about the token’s future performance.
As we move into the fourth quarter, the price movement of HYPE will likely be influenced by competition from rival platforms and the Hyperliquid team’s response to the unlock issue. It remains to be seen how the community will react to the supply cut proposal and whether it will ultimately have a positive or negative impact on HYPE’s value. The Evolution of Communication: From Smoke Signals to Smartphones
Communication is a fundamental aspect of human interaction, allowing us to connect, share information, and express our thoughts and emotions. Throughout history, the way we communicate has evolved significantly, from basic forms of communication like smoke signals and carrier pigeons to the advanced technology of smartphones and social media platforms.
One of the earliest forms of communication was through the use of smoke signals. Dating back to ancient civilizations such as the Greeks, Romans, and Native Americans, smoke signals were used to send messages over long distances. By creating patterns of smoke using a fire, people could convey simple messages such as warnings of danger or calls for help. While limited in its capabilities, smoke signals were an effective way to communicate over vast distances when other methods were unavailable.
Another early form of communication was the use of carrier pigeons. Dating back to ancient Mesopotamia and Egypt, pigeons were trained to deliver messages between cities and military outposts. These birds were able to navigate long distances with remarkable accuracy, making them a reliable method of communication for centuries. Carrier pigeons were used extensively during both World Wars to send messages between troops and headquarters, showcasing their continued importance in times of conflict.
As technology advanced, so did the methods of communication. The invention of the telegraph in the 19th century revolutionized long-distance communication, allowing messages to be sent instantly over electrical wires. This marked the beginning of the modern era of communication, paving the way for further advancements in technology.
In the 20th century, the telephone became a staple in households around the world, allowing people to speak to one another in real-time over long distances. The invention of the internet in the late 20th century further transformed communication, enabling people to send emails, instant messages, and video calls across the globe. Social media platforms like Facebook, Twitter, and Instagram have since become integral parts of how we communicate, allowing us to share our thoughts, experiences, and photos with friends and family in real-time.
Today, smartphones have become a ubiquitous tool for communication, combining the capabilities of a telephone, computer, and camera into a single device. With the touch of a button, we can send text messages, make phone calls, browse the internet, and share content on social media. Smartphones have revolutionized the way we communicate, making it easier than ever to stay connected with others no matter where they are in the world.
As we look to the future, it’s clear that the evolution of communication is far from over. With the rise of artificial intelligence, virtual reality, and other emerging technologies, the ways in which we communicate are likely to continue evolving at a rapid pace. Whether it’s through holographic displays, brain-computer interfaces, or some other futuristic technology, one thing is certain: communication will always be a vital part of what makes us human.