Lookonchain APP

App Store

Multicoin partner is bullish on HYPE, forecasting its price to hit $319, and advises investors to build positions in batches.

2026.07.15 20:28:22

Multicoin Capital managing partner Tushar Jain detailed his valuation logic and investment framework for HYPE during an appearance on the "When Shift Happens" podcast. He noted that HYPE is currently severely undervalued, with a baseline valuation of $319, and recommended a pragmatic position-building strategy to navigate volatility. For bottom-fishing, Jain advised abandoning "perfect timing" in favor of the "one-third split entry method": the first third of the position is bought immediately; the second third is accumulated via dollar-cost averaging over a fixed schedule (e.g., in batches over 1-2 months); the final third is added opportunistically during dips. This approach significantly reduces psychological burden while locking in a favorable average cost for long-term bullish positions. Jain’s $319 baseline valuation is built on four conservative assumptions: 1) Crypto derivatives trading volume maintains a 35% compound annual growth rate over the next two years; 2) DeFi derivatives’ market share rises to 32%; 3) USDC collateral balances grow in line with trading volume; 4) The "fake boom" driven by subsidies from some project teams will vanish as subsidies are phased out, allowing Hyperliquid’s actual market share to rise further. Even under these conservative scenarios, HYPE’s current price has substantial upside, with some optimistic projections putting it above $600. On Hyperliquid’s broader outlook, Jain argued that the protocol is far more than a fast-growing perpetual contract platform, and has the potential to become a core pillar of crypto financial infrastructure.

Relevant content

Neutral Trade announces TermMax private credit vault airdrop distribution plan.

According to official announcements, Neutral Trade – a quantitative strategy sharing platform in the Solana ecosystem – stated in a post that its TermMax private credit vault is now disclosing its airdrop distribution plan, following delays in the launch of the TermMax (TMX) token and renegotiation of yield terms. The airdrop comprises TMX tokens with a fully diluted valuation (FDV) of $60 million, which will be distributed to depositors in line with the September 25, 2025 snapshot ratio after being sold. The distribution schedule is: 50% to be released within 1 month post-launch, then 12.5% weekly for 4 consecutive weeks. Distribution will commence this week.

1 seconds ago

Samsung and SK Hynix will mass produce and deliver HBM4 to NVIDIA in next year's Q2.

According to ZDNet Korea, Samsung Electronics and SK Hynix have scheduled mass production and shipment of 8-layer HBM4 for NVIDIA around the second quarter of next year. A source familiar with the matter stated: "From what I understand, NVIDIA will equip its Rubin Ultra-based NVL rack-scale solutions with 8-layer HBM4. While 12-layer HBM4 remains the main focus this year, the share of 8-layer HBM4 will rise significantly starting mid-next year."

1 seconds ago

Franklin Templeton Plans to Launch Two Bitcoin ETFs With Dividend Reinvestment

Asset management giant Franklin Templeton has filed a Form 8-A with the U.S. Securities and Exchange Commission (SEC) to complete the Nasdaq listing registration for two new exchange-traded funds (ETFs). The prospectus indicates the funds will take effect on October 27, and the market widely expects them to start trading soon. The two products are the Franklin US Equity Bitcoin DRIP Index ETF (ticker: FBEQ) and the Franklin US Innovation Bitcoin DRIP Index ETF (ticker: FIBT). The former tracks the VettaFi US Large-Cap 500 Bitcoin DRIP Index, covering about 500 of the largest U.S. companies by market cap; the latter tracks the VettaFi US Innovation 100 Bitcoin DRIP Index, focusing on the 100 largest non-financial Nasdaq-listed companies. Both funds adopt a passive index strategy, with an initial asset allocation of approximately 95% U.S. equities and 5% Bitcoin exposure. The core mechanism of the products is "Bitcoin Dividend Reinvestment Plan (Bitcoin DRIP)". Unlike traditional dividend reinvestment plans, these two ETFs do not reinvest ordinary and special dividends from stocks back into the equities themselves. Instead, on the opening of the day after the ex-dividend date, the dividend cash is automatically used to increase Bitcoin-related exposure. Bitcoin exposure is primarily achieved through Bitcoin exchange-traded products (including Franklin’s own spot Bitcoin ETF EZBC), futures, options, or other related instruments; the funds do not directly hold on-chain Bitcoin. To control risks, the indices have clear rebalancing rules: if the Bitcoin weight exceeds 5% during quarterly rebalancing, it will be reduced to 4.5%; if the Bitcoin weight exceeds 20% during the rebalancing interval, it must be cut back to 4.5% within two trading days. The documents show FBEQ has a management fee of 0.09%, while FIBT’s is 0.19%, with neither charging 12b-1 fees.

1 seconds ago

South Korea's KOSPI index closed down 1.45%

According to Bitget market data, South Korea's KOSPI index closed down 80.71 points, or 1.45%, at 5469.59 points on Monday, October 26.

1 seconds ago

Binance will add 4 new Trade.Fi perpetual contracts

According to official announcements, to expand Binance’s futures trading product lineup and improve user trading experience, the platform will launch four USDT-denominated TradeFi perpetual contracts on staggered timelines starting October 26, 2026, with clearing and settlement performed by Binance RCH. The specific schedule is as follows: The EIDOUSDT perpetual contract goes live at 17:00 Beijing Time (09:00 UTC); EQTUSDT at 17:05 Beijing Time (09:05 UTC); STMUSDT at 17:10 Beijing Time (09:10 UTC); and ABBVUSDT at 17:15 Beijing Time (09:15 UTC).

1 seconds ago

Unitree Robotics rallied sharply before pulling back, with its gains narrowing to 8.81%.

According to Bitget market data, A-share listed Yushu Technology rose sharply then pulled back, its gain narrowing from the previous 18% to 8.81%, with its current share price standing at 679 yuan.

1 seconds ago

Popular tokens

BitcoinEthereumHyperliquidSolanaTRONBNBTetherAaveXRPPepeFartcoinOndoJupiterUniswapBonkPendleEthenaArbitrumAvalancheLidoChainlinkPolygonDogecoinCardano