There's something darkly amusing about witnessing the timing of it all. $HYPE took a hard tumble precisely as several dynamics converged:

First, the hardcore believers and attention seekers turned on $LIT with calls for it to crater. Then accusations flew that Lighter orchestrated some backroom deal that warranted zero consideration. Meanwhile, prominent traders openly admitted liquidating 95% of their positions.

On top of that, major holders starting offloading their own stacks. The irony? It's the kind of market poetry you see when hype meets reality—where the narrative flips before the chart even registers the damage. Community sentiment swiftly transformed from optimism to skepticism, while the biggest bags headed for the exits.