$LGHL update
Not advised- find own conviction to avoid getting shaken out on volatile micros like this one. Averaged up on the dip today and doubled the position. Liquidity and float is very thin so mind your fills and use limit orders if aping. See my previous $LGHL posts for more color- very risky, could go to zero, could moon. Bullish on $HYPE but these crypto beta stonks will often not move 1:1 day in and out with the underlying- example- why doesn’t coin/glxy/mara/mstr go up and down same time- why doesn’t sbet/btbt/bmnr/btcs move the same.
Playing the liquidity cycle next 3-9 months and to me, the signal is that $GLXY , paradigm, pantera are setting up a 888M $HYPE treasury fund. Of course, $LGHL could still be sketchy and fail, that’s a big risk for a micro cap. Don’t bid $SONN without researching the Edgar sec filing because $SONN will only own a very small part of the $HYPE strategy merger they are doing with $GLXY
$HYPD is another larger hype treasury but it’s a 3-4mnav fully diluted- can still do great but I’m rolling with the micro gamble $LGHL
https://cointelegraph.com/news/sonnet-hype-token-crypto-pivot-888m
https://www.sec.gov/edgar/browse/?CIK=1106838&owner=exclude
More color old post: https://x.com/consom888/status/1943613600540823830?s=46