Arthur Hayes: HYPE Faces Valuation Compression Risk
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Foresight News reported that BitMEX co-founder Arthur Hayes stated that the current risk for HYPE lies in the "valuation multiple compression." Although its annualized revenue is approaching historical highs, the token price has dropped significantly. Arthur Hayes pointed out that as competition among decentralized perpetual contract trading platforms intensifies, speculators are no longer willing to pay high valuations for uncertain future income, leading the market to price HYPE more conservatively.
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