According to Binance Research, the Day 1 tradable real float is estimated at approximately 11.50%, with about 4.50% held by retail and around 7.00% held by projects and institutions (source: Binance Research). The holder mix shows a majority of the tradable float residing with non-retail entities, concentrating available supply relative to retail’s share (source: Binance Research). Traders should calibrate execution to the 11.50% float and the 4.50%/7.00% split to manage slippage and spread costs during early trading (source: Binance Research).

According to Flood (@ThinkingUSD), despite HYPE trading at $39, there remain concrete trading opportunities due to significant onchain access barriers and the token's absence from Tier 1 exchange spot listings. Flood highlights that many retail investors are unable to purchase HYPE because they cannot navigate onchain processes, reducing immediate sell pressure and keeping float low. Additionally, since HYPE is not listed on major exchanges, broader demand from centralized exchange users has yet to materialize, suggesting substantial upside once listings occur. Flood further notes that current pricing does not factor in future growth, implying potential for significant appreciation once access improves and new demand enters the market (source: Twitter/@ThinkingUSD, 2025-05-26).