Hyperliquid55y9GfQ9dZYSJM9AJo1jnCrPDisoCgfhda9hbDbBVp3j
Case file · ante-mortem observation
RECOVERING.
Centralization masquerading as decentralization
Grade Score
68/100
Grade B · RECOVERING
Mkt Cap
$4.32M
-0.1% · 24h
Liquidity
$3.77M
Volume 24h
$103.7K
Holders
8
Few HoldersHeavy Concentration
Field Report
Eight Holders, Zero Pulse, Infinite Irony
In the sweltering ecosystem of Solana, we observe a most peculiar specimen: Hyperliquid, technically alive yet functionally deceased—a token where all inhabitants have become its only pallbearers. With eight souls commanding absolute dominion and a volume suggesting desperate, repetitive organ-donation attempts, this creature achieved the remarkable feat of being simultaneously revoked of all authority and stripped of all agency.
Diagnosis
Liquidity
Adequate
$3.77M pool depth.
Activity
Active
$103.7K volume / 24h.
Holders
Extreme cluster
Top 5 hold 100.0% of supply.
Cause
Likely Cause
Centralization masquerading as decentralization
Patient Note
It had no mint, no freeze, and no chance—a ghost haunting its own liquidity pool.
Holders
Top 1
87.4%
Top 5
100.0%
Top 10
100.0%
015Mx3...NEZ787.41%
022cnb...DCt612.36%
034A1s...SaFk0.22%
04Faym...PQK40.01%
05FPZ6...3uC30.00%
06proj...k4160.00%
07Fund...dYs40.00%
084h1Y...MzdN0.00%