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HYPE

Phantom Wallet Onboards 18,000 Users to Hyperliquid in 17 Days, Generating $2M Revenue from Fees and Token Buybacks

Over a span of just 17 days, 18,000 users onboarded the Phantom wallet onto the Hyperliquid exchange. The developers of the Phantom wallet earned $1 million in commissions, and an additional $1 million in revenue was used to buy back the Hype token from the market. The trading volume of Phantom users on the platform reached $2 billion.
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AI Analysis

The rapid onboarding of 18,000 users in just 17 days represents a significant growth spike for the Phantom wallet, indicating strong user engagement and market interest. This influx directly correlate...

AI Recommendation

Given the data indicating rapid user onboarding, substantial trading volume, and strong revenue streams, it would be prudent to consider increasing exposure to Phantom and Hyperliquid. Investors shoul...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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