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Hyperliquid (HYPE)

Supply note — the largest gap in this series: Only about 22% of HYPE's 1,000,000,000 max supply is circulating. Fully diluted valuation (≈$59.8B) runs roughly 4.5x today's $13.3B market cap — by far the widest circulating-vs-max-supply gap of any token researched so far. A #10 market-cap ranking looks very different once the other ~78% of eventual supply is factored in.

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