[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Sam [@0xCryptoSam](/creator/twitter/0xCryptoSam) on x 4190 followers Created: 2025-07-22 14:59:46 UTC Hyperliquid's SWPE (supply weighted P/E) ratio just cratered from X -> XXX over the past week. This is one of the best buy signals for Hyperliquid. For context, Hyperliquid allocates XX% of protocol earnings to buying back HYPE through its Assistance Fund (AF), creating sustained demand while reducing circulating supply. These buybacks are tracked via SWPE. Lower SWPE levels indicate stronger relative demand against float, while higher SWPE signals the opposite. @0xPicasso mapped out four occasions YTD where SWPE (coined by @skewga_hyper) intersected with HYPE price. At the time, SWPE was between X and X. On each occasion, it marked a bottom for a HYPE (or at least a great time to buy). To Recap: - HYPE LOOKS CHEAP WHEN BUY ZONE: SWPE < XXX (Only happened 2–3 times YTD) - HYPE LOOKS EXPENSIVE WHEN SWPE > XXX (Only happened once: Feb 16, before a major dump) Today, HYPE's SWPE is 3.9, down from XXX on July XX. So despite stronger demand suggested by higher app usage (reflected by protocol fees), HYPE is trading at lower values, which indicates the asset may be currently undervalued. The golden question is whether Hyperliquid can sustain, or even accelerate, its current demand. HyperCore (the order book, not including HyperEVM) has consistently generated $3-5M in daily protocol fees (per @DefiLlama). Just to reiterate, XX% of these fees are used to buy HYPE. Personally, I expect demand for Hyperliquid to accelerate. It’s unclear whether HYPE has marked a definitive bottom; total open interest across altcoins suggests we could see another flush. That said, any pullback should be viewed as a high-conviction buying opportunity for HYPE.  XXXXXX engagements  **Related Topics** [af](/topic/af) [protocol](/topic/protocol) [hyperliquid](/topic/hyperliquid) [signals](/topic/signals) [Post Link](https://x.com/0xCryptoSam/status/1947672927609983338)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
Sam @0xCryptoSam on x 4190 followers
Created: 2025-07-22 14:59:46 UTC
Hyperliquid's SWPE (supply weighted P/E) ratio just cratered from X -> XXX over the past week. This is one of the best buy signals for Hyperliquid.
For context, Hyperliquid allocates XX% of protocol earnings to buying back HYPE through its Assistance Fund (AF), creating sustained demand while reducing circulating supply. These buybacks are tracked via SWPE. Lower SWPE levels indicate stronger relative demand against float, while higher SWPE signals the opposite.
@0xPicasso mapped out four occasions YTD where SWPE (coined by @skewga_hyper) intersected with HYPE price. At the time, SWPE was between X and X. On each occasion, it marked a bottom for a HYPE (or at least a great time to buy).
To Recap:
- HYPE LOOKS CHEAP WHEN BUY ZONE: SWPE < XXX (Only happened 2–3 times YTD)
- HYPE LOOKS EXPENSIVE WHEN SWPE > XXX (Only happened once: Feb 16, before a major dump)
Today, HYPE's SWPE is 3.9, down from XXX on July XX. So despite stronger demand suggested by higher app usage (reflected by protocol fees), HYPE is trading at lower values, which indicates the asset may be currently undervalued. The golden question is whether Hyperliquid can sustain, or even accelerate, its current demand. HyperCore (the order book, not including HyperEVM) has consistently generated $3-5M in daily protocol fees (per @DefiLlama). Just to reiterate, XX% of these fees are used to buy HYPE. Personally, I expect demand for Hyperliquid to accelerate. It’s unclear whether HYPE has marked a definitive bottom; total open interest across altcoins suggests we could see another flush. That said, any pullback should be viewed as a high-conviction buying opportunity for HYPE.
XXXXXX engagements
Related Topics af protocol hyperliquid signals