In the fast-paced world of cryptocurrency, where meme tokens and DeFi innovations collide, few traders have the knack for spotting winners like Ansem (@blknoiz06). Famous for his early bet on Solana back in 2023, Ansem has been sharing his thoughts on Hyperliquid ($HYPE) in a detailed thread that's become a must-read for anyone tracking emerging blockchain projects. His latest update, posted on August 13, 2025, dives into $HYPE's current status at around $47, highlighting its resilience and potential upside. Let's break it down and see why this could be a game-changer for meme token enthusiasts and beyond.

What is Hyperliquid?

Before we jump into Ansem's analysis, a quick explainer for the uninitiated: Hyperliquid is a decentralized exchange (DEX) specializing in perpetual futures—essentially, contracts that let you bet on asset prices without an expiration date. Built on its own Layer-1 blockchain, it promises super-fast transactions, low fees, and robust performance even during high-volatility events. Unlike traditional centralized exchanges (CEXs) like Binance, Hyperliquid keeps everything on-chain, giving users more control and transparency. The native token, $HYPE, powers the ecosystem and benefits from trading fees that are funneled back into buying and burning tokens, creating a deflationary mechanism.

You can check out more on Hyperliquid's official site or track its market data on CoinMarketCap.

Ansem's Journey with $HYPE

Ansem kicked off his Hyperliquid saga by drawing parallels to his Solana play. In January 2025, he tweeted about taking a "punt" on $HYPE, ready to cut losses if it hit new lows against Bitcoin. Fast-forward through several updates, and he's been spot-on so far. His thread chronicles the token's breakout from consolidation, recovery from drawdowns, and steady climb amid broader market turbulence.

In update #1 (late January 2025, at $27.7), Ansem noted $HYPE breaking out of a month-long range, with upcoming catalysts like HyperEVM for new dApps and spot markets for major cryptos like BTC, ETH, and SOL. He praised its economics, generating about $2M daily in fees mostly used to buy back tokens, and its strong performance during events like Trump's token launch. Importantly for meme fans, Hyperliquid has been quick to list perps for new social and meme tokens, making it a go-to platform without the lag or downtime of competitors.

By update #4 in June 2025 (at $37), $HYPE had reclaimed all-time highs and quadrupled from its lows. Ansem emphasized its lead among new L1 launches, tracking metrics like DEX vs. CEX market share (around 80% for decentralized perps) and innovations like HIP-3 for builder-deployed markets. He compared it to past repricings in crypto, underscoring how Hyperliquid captures revenue directly at the L1 level, unlike chains that leak value to apps built on top.

The Latest Scoop: Update #5 at $47

Now, in his fifth update, Ansem paints a picture of steady progress despite some sideways action. $HYPE is "consistently making all-time highs in all relevant metrics," including percentage market share against CEXs, total open interest, and trading volumes. It's been consolidating in the $30-$50 range for a couple of months—a common phase where the market shakes out weak hands before the next leg up.

As seen in the chart he shared, the price has been hovering around key levels, marking a 5x rally from recent lows. Ansem points out that $HYPE has underperformed Ethereum during the latest market rerating but expects it to catch up on the HYPE/ETH pair soon. His thesis remains bullish: as major cryptos climb, so will $HYPE's targets.

What really excites him—and should perk up meme token traders—are the untapped tailwinds:

• HIP-3 Implementation: Allowing markets beyond pure crypto perps, opening doors for more diverse trading.
• Spot Trading Expansion: Bringing in other assets to boost volumes.
• HyperEVM Growth: Spiking activity with higher TPS (transactions per second) and new apps, potentially attracting meme projects and social tokens.
• Dominance Over CEXs: Continued market share gains, especially as Hyperliquid handles high-demand listings seamlessly.

Ansem's take aligns with Hyperliquid's real-world traction. As of now, the token trades around $48 USD with over $545 million in 24-hour volume, per CoinMarketCap data. Its ability to list perps for buzzing meme tokens quickly makes it a vital tool for blockchain practitioners chasing the next big thing.

Why This Matters for Meme Token Fans

At Meme Insider, we're all about decoding the chaos of meme tokens and their ecosystems. Hyperliquid stands out because it's not just another DEX—it's a powerhouse for trading the volatile, community-driven assets we love. Whether you're longing a fresh meme coin perp or hedging against dumps, platforms like this enhance your toolkit. Ansem's thread isn't just hype; it's a roadmap showing how $HYPE could become a top-10 project by market cap, especially if it keeps eating into CEX volumes.

If you're intrigued, head over to the original thread on X for the full context. As always, DYOR (do your own research) and trade responsibly—crypto moves fast, and so should you.

Final Thoughts

Ansem's updates remind us that in crypto, patience pays off. With $HYPE's strong fundamentals and upcoming features, it could be the beta play to Bitcoin's alpha in the next bull run. Keep an eye on those metrics, and who knows? This might be the next Solana-level call. Stay tuned to Meme Insider for more breakdowns on meme tokens, DeFi gems, and everything in between.