RE; Hyperliquid team unlocks Circ. supply: 333M Team supply: 242M Total Circ. supply in 2027: 575M $HYPE price: $43 Daily revenue: $4.1M (7D average) Annualized: $1.5B 575M x 43 = $24B 24 / 1.5 = 16 so even after ALL team unlocks have been distributed the P/E of $HYPE is 16… the S&P500 average is ~30 and $HYPE is a rapid expansion, high growth potential company so would typically be trading at a much higher P/E than 30 in Trad markets