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The Hyper Foundation is proposing a validator vote to formally recognize the Assistance Fund HYPE as burned, removing the tokens permanently from the circulating and total supply.
For context, the Assistance Fund converts trading fees to HYPE in a fully automated manner as part of the L1 execution. The Assistance Fund uses the system address 0xfefefefefefefefefefefefefefefefefefefefe. Similar to the zero address, the Assistance Fund system address has never had a private key with control over its funds. Funds are mathematically irretrievable without a hard fork.
By voting “Yes,” validators agree to treat the Assistance Fund HYPE as burned. No onchain action is required, as the tokens are already in a system address with no private key. This vote is binding social consensus to never authorize a protocol upgrade to access this address.
Voting process:
+ Validators should signal their intent in the governance forum by December 21 at 04:00 UTC (i.e., reply with Yes or No)
+ Users can stake to a validator who matches their view by December 24 at 04:00 UTC
+ The result will be based on stake-weighted consensus as of December 24 at 04:00 UTC
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At these levels, the AF will accumulate 3-4M $HYPE monthly.
Only a few entities hold that much $HYPE and they don't plan to sell.
Team unlocks likely won't hit the books, could be borrowed against via BLP or sold OTC to DAT's. Regardless of what the team do, I doubt they will allow an amount of $HYPE to hit the books that the AF can't negate.
The panic selling and FUD over the past few days probably has much more impact than the actual team unlocks.
$HYPE to top 2 is inevitable, keep accumulating SPOT & chill.
Hyperliquid.
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$FARTCOIN: A few notes with this chart-
-both retraces were 90% (so far), the first was over the span of about 1.5 months and the current one over several months.
-Some steep selling lately; today had another -18% day but has since bounced a bit. Wintermute out of tokens?
-To be determined if the market is 'tired' of memes and if these will bounce back. Personally, I think they will. Memes have been called 'dead' multiple times across the last several years and there always seems to be some demand for them to a degree.
-Is this thing going to go back to ATH? I think it's going to be hard and you should assume no coin will do that (after it reaches its first climax). But it can still go a few x from here easily.
-This is a great buying area if you believe this one has staying power. You can see with volume profile that this is the Point of Control over the entire history. Tons of volume traded here. I'm already exposed and I'm about to buy more.
Hot air rises

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Happy Halloween! Select one random number 🎃
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2 lucky numbers containing 2 special Halloween gifts. Check your DM later $SUI 📩

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