当CZ支持的Aster超过液体时，大肆宣传令牌在压力下

炒作令牌面临着Aster的挑战，在CZ的支持下获得了吸引力。潜在的供应减免和市场竞争是关键因素。

The crypto world is buzzing with shifts in the DEX landscape. Hyperliquid's HYPE token is feeling the heat as Aster, a Binance founder Changpeng Zhao (CZ)-backed competitor, rapidly gains ground.

加密世界正在嗡嗡作响，随着DEX景观的转变。 Hyperliquid的大肆宣传令牌正感觉到HATER，这是Binance创始人Changpeng Zhao（CZ）后面的竞争对手，迅速获得了地面。

Aster's Rise and HYPE's Struggle

阿斯特的崛起和炒作的斗争

Aster is making waves, surpassing Hyperliquid in several key metrics. Over the past 24 hours, Aster ranked second in total fees generated, while Hyperliquid slipped to eighth place. This highlights a growing shift in trader attention.

Aster在发动波浪，超过几个关键指标的超流动性。在过去的24小时内，Aster产生了总费用第二，而Hyperliquid则滑到第八名。这凸显了交易者关注的越来越多。

As user activity drops on Hyperliquid, demand for its HYPE token has dwindled, putting pressure on its price. The token's value has dropped by nearly 30% in the past seven days, trading around $42.39 at the time of writing. Momentum indicators confirm the bearish trend.

随着用户活动在超液体上的下降，对其炒作令牌的需求逐渐减少，施加了压力。在过去的七天中，令牌价值下降了近30％，在写作时交易约42.39美元。动量指标证实了看跌趋势。

Potential HYPE Supply Cut

潜在的炒作供应量

DBA Asset Management is proposing a significant 45% cut to HYPE's token supply by burning future emissions and rewards. The goal is to make HYPE more attractive to investors and stakers by streamlining tokenomics. Jon Charbonneau from DBA argues that pre-allocated tokens distort market perception, and this move would correct that.

DBA资产管理提议通过烧毁未来的排放和奖励来削减炒作的代币供应45％。目的是通过简化代币学来使炒作对投资者和Stakers更具吸引力。 DBA的Jon Charbonneau认为，预先分配的令牌扭曲了市场的看法，此举将纠正这一点。

However, the proposal has sparked debate within the community. Some argue that future emissions are crucial for Hyperliquid's growth and competitive edge. Others worry about hedging against potential regulatory actions.

但是，该提案引发了社区中的辩论。有人认为，未来的排放对于超流动性的增长和竞争优势至关重要。其他人则担心对冲潜在的监管行动。

CZ's Web3 Education Initiative and Meme Coin Power

CZ的Web3教育计划和模因硬币权力

In a related note, Changpeng Zhao (CZ) is also supporting the Web3 education platform Giggle Academy, which has begun accepting cryptocurrency donations. Interestingly, the initiative raised over $1.3 million in just 12 hours, largely fueled by a single meme token. CZ himself expressed surprise at the utility of meme coins in funding real-world projects.

在相关说明中，Changpeng Zhao（CZ）也支持Web3教育平台Giggle Academy，该平台已开始接受加密货币捐赠。有趣的是，该计划在短短12个小时内筹集了超过130万美元，这在很大程度上是由一个模因令牌加油的。 CZ本人对Meme硬币在资助现实世界项目中的实用性感到惊讶。

What's Next for HYPE?

炒作的下一步是什么？

Technical trends indicate short-term volatility for HYPE. The proposed 45% supply cut, if approved, could reshape market perception. Meanwhile, competition from ASTER will likely force Hyperliquid to adapt its strategies and growth initiatives to maintain its market position.

技术趋势表明炒作的短期波动率。拟议的45％供应量（如果获得批准）可以重塑市场的看法。同时，来自Aster的竞争可能会迫使Hyprolikid适应其战略和增长计划以保持其市场地位。

So, is HYPE going to bounce back, or will Aster continue its reign? Only time will tell, but one thing's for sure: the crypto game is never boring. Stay tuned, folks!

因此，炒作会反弹，还是Aster会继续统治？只有时间会说明，但是可以肯定的是：加密游戏永远不会无聊。请继续关注，伙计们！