Grayscale Says HYPE Still Looks Cheap Against Fintech Stocks

Grayscale Research says Hyperliquid (HYPE) may be undervalued against fintech equities. The asset manager argues that the token can be valued based on cash flows, like a stock, and, on that basis, it looks cheap. Grayscale Builds Its Case on a $1 Billion Hyperliquid Earnings Assumption In a note published Tuesday, Head of Research Zach