I believe many people will sell $HYPE early this year. I’m personally eyeing a target of 150$. 

FDV is a meme, here’s a ratio of mcap/FDV of 2021 

FIL - 12 / 372
SRM - 1.2 / 125

Spot Majors and ALTS
HyperEVM
NFT Platform 
And many more features yet to come. 

Hype at 250$ will put it somewhere between FIL and SRM FDV’s of the previous bull yet still with a market cap of less than 100B

With dilution being very high this cycle, i expect more and more people to concentrate their money into Hyperliquid.