Asset manager Grayscale considers HYPE undervalued at a 15x-18x multiple compared to fintech stocks like Circle or Coinbase trading above 30x. According to Head of Research Zach Pandl, Hyperliquid could generate $1 billion in revenue by end of 2027, translating to a price target of $113 to $150 if the token reaches Coinbase or Robinhood multiples. Institutional selling continues, with Multicoin Capital having unstaked over $179 million in HYPE while Selini Capital deposited $26.8 million on OKX. HYPE ETFs saw their first outflows since their May launch, with $4.5 million in July. HYPE price could find support at $48 and $45 if the $55 level breaks.
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