Threadguy on Hyperliquid memes
Threadguy explains his refusal to purchase memecoins on Hyperliquid, stating he is not a fan because the network is not designed for that activity. He argues the chain suffers from the same structural issues as Bitcoin memes, specifically noting it is expensive, slow, and fundamentally unfit for such tokens. The comparison extends to Bitcoin Runes, where acquiring a Rune requires selling Bitcoin. Threadguy asserts that users dislike selling their base asset to buy what they consider garbage or beta exposure on the same chain. He applies this logic to Hyperliquid, recalling a personal loss of $100,000 on HyperEVM. This deficit came from meme losses and the HYPE tokens he sold to enter those positions. He notes the psychological difficulty of trading when the underlying asset is trending up only. The clip features Threadguy speaking during a Polymarket live session.
Transcript (en)
I'm not a huge fan of hyperliquid memes, by the way. It's just like not a meme chain. I don't know what to say. We did this one time in 2024 with hype memes. And, you know, I think hyperliquid memes have the same problem as Bitcoin memes. Number one, the chain is just like not built for it. It's expensive, it's slow, and it's not built for memes. at all number two is i think the biggest problem with bitcoin like runes or whatever is that in order to buy a rune you have to sell bitcoin and selling bitcoin is not something people like to do for something for garbage like people do not like to sell bitcoin to buy bitcoin beta on the bitcoin chain that's like not an activity that people want to do and i think the same is true for hyper liquid like dude i probably fumbled 100k on hyper liquid hyper evm by losing money on memes and then the hyper liquid the hype that i sold to buy these memes it's like it's hard when it's up only it really is it's hard when it's up only and so i just can't get myself to buy meme coins on hyper liquid
