Buyback and Burn

Multicoin Cap

2026-06-28 14:31:48

Multicoin Capital Report: HYPE Could Reach $319 by 2028—Fourfold Upside and the Risks Behind It

Multicoin Capital 最新研报预测 Hyperliquid 代币 HYPE 到 2028 年基准估值可达 319 美元，较当前价格有约 4 倍上涨空间。报告指出，核心支撑来自类似中心化交易所的盈利模式：高交易市场份额、99% 协议收入用于回购销毁、HIP-3 市场部署机制、USDC 储备收益及钱包入口拓展。然而，该估值高度依赖实际收入兑现，需关注竞争加剧和监管不确定性。本文深入拆解报告核心论点与潜在风险。

2090

Multicoin Cap

2026-06-28 13:31:46

Multicoin Capital Forecasts HYPE at $319 by 2028: Can the Buyback-and-Burn Engine Deliver?

Multicoin Capital 最新报告对 Hyperliquid 代币 HYPE 给出 2028 年基准估值 319 美元的预测，核心逻辑在于其类似中心化交易所的盈利模式：高交易份额、99% 协议收入用于回购销毁、HIP-3 市场部署机制、USDC 储备收益及钱包扩展。报告虽未提供完整估值模型细节，但强调该预测高度依赖收入持续增长。本文梳理关键支撑点，并分析潜在执行风险。

2010

HYPE

2026-06-28 11:31:23

Multicoin Capital Report: HYPE Target $319 by 2028, Driven by Buyback and Revenue Model

Multicoin Capital released a report forecasting Hyperliquid's native token HYPE to reach a base-case valuation of $319 by 2028, representing roughly 4x upside from current levels. The bullish thesis rests on Hyperliquid's CEX-like revenue model: high perpetual trading market share, 99% of protocol revenue used for buyback and burn, HIP-3 market deployment mechanism, USDC reserve yield, and wallet onboarding expansion. However, the valuation is highly dependent on sustained revenue realization, which poses significant risk.

1930

Multicoin Cap

2026-06-28 08:31:50

Multicoin Capital Forecasts HYPE at $319 by 2028: Backed by CEX-Level Revenue Model, but Highly Dependent on Delivery

Multicoin Capital最新报告预测Hyperliquid代币HYPE到2028年基准估值达319美元，较当前有约4倍空间。核心支撑包括高交易份额、99%协议收入用于回购销毁、HIP-3市场部署机制、USDC储备收益及钱包入口拓展。报告指出该估值高度依赖收入持续兑现，属于长期预期。

1900