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The cryptocurrency market is witnessing significant liquidity fragmentation, particularly affecting token launches. Legal counsel representing various projects noted that many teams are planning to launch tokens in the fourth quarter of 2024, although delays into the first quarter of 2025 are anticipated. This trend has raised concerns about a potential downturn in the market, with some industry insiders describing the situation as a 'bloodbath.' Additionally, there is notable interest in the Hyperliquid launch, with many participants eager to engage before its anticipated price increase. Despite misconceptions about Hyperliquid being a perpetual decentralized exchange (DEX) on Arbitrum, its perceived value is expected to rise post-launch.
The fact that so many people still think hyperliquid is a perp dex on Arbitrum is v bullish for hyperliquid post tge “Why is the Arbitrum perp dex getting bid so hard?” Type of vibe
Almost everyone I’m speaking to is planning to bid the Hyperliquid launch in Q4 24, latest Q1 25. Many angry there was no round to join months ago and desperate at this point. A lot is hinging on this critical period where Hyperliquid may be the cheapest it will ever be, before…
Funny, we all telling ya to launch token in Q1 24, yet y’all deciding launching in Q4 24. Mostly down only, thanks to points, VC bros driving the narrative and the hesitation in launching a token. https://t.co/giMd1ByFco