SAYLOR SOLD, HYPE RIPPED, IPO META IS HERE

Welcome to the HYPE TRAIN - a newsletter that breaks down what's happening in the crazy world of memecoins. We'll be breaking down the WTF moments, Best Trades, and much more, while trying to provide some humor to your day.

Disclaimer: Take none of this as financial advice & do your own research. This content is for informational and entertainment purposes only. We may hold, have held, or trade the tokens mentioned.

Aaand here we go:

Pleasant day to be a degen! Welcome to today’s edition of Hype Train. We will be covering:

• Saylor sold a small amount of BTC

• Hyperliquid ripped over the weekend

• Pearl Research is bringing AI compute back into the chat

• The IPO meta is forming around Anthropic and SpaceX

• Cards, TikTok phrases, and sports coins are still hot

Saylor Jeeted BTC

Strategy sold 32 BTC for about $2.5M, its first BTC sale since 2022.

The company still holds 843K+ BTC, so this was not a major selloff. But it matters because Strategy has been the main public-company Bitcoin treasury trade, and even a small sale is a shift in behavior.

Hyperliquid Is Eating Mindshare

Hyperliquid had a huge weekend, with $HYPE pushing into fresh all-time-high territory.

The bigger story is mindshare. Hyperliquid is becoming one of crypto’s main venues for perps, new markets, and IPO-adjacent speculation.

If more pre-IPO style markets show up there, HYPE likely keeps getting attention.

Pearl Research

Pearl Research, is an AI compute / GPU mining project.

The core idea: AI compute is expensive, GPUs are scarce, and crypto traders are looking for ways to play that theme on-chain.

Pearl is sparking interest from many crypto-natives as well as people in the AI industry

Pearl has been diffcult to buy - there are some OTC platforms out there, but someone made a wrapped version on ETH which you can find on the Hype mobile app here (make sure to do your own research!)

IPO MEMECOIN META?

Anthropic

Today, Anthropic filed confidential IPO paperwork with the SEC

ANTHROPIC is the Solana meme coin tied to that story.

This is not Anthropic equity and it is not official. It is a meme coin trading off the IPO headline.

SpaceX

SPCX, the SpaceX-themed Solana coin, recently pushed around the $3.5M-$4M market cap zone.

The real-world catalyst is SpaceX IPO chatter, with reports pointing to a possible June listing and a large valuation target.

This is not SpaceX stock. It is a meme coin riding the SpaceX IPO narrative.

CARD META

The card meta is growing on Solana as Pokemon / and physical trading card markets continue to rip

CARDS, from Collector Crypt, is tied to tokenized physical trading cards and gacha-style digital repacks.

GACHA, aka PowerGacha, adds raffle mechanics to the same card trend.

The simple read: traders are rotating into card-related tokens because the category combines collectibles, gambling mechanics, and Solana liquidity.

NEW TIKTOK TRENDS

DATBIHGAH

DATBIHGAH is a TikTok-to-token play on Solana.

The phrase has been spreading as an internet meme, and the token recently ripped over the weekend

SPORTS META

Sports coins are heating up because live events create easy catalysts.

WORLDCUP is one of the more visible Solana coins tied to the 2026 World Cup narrative.

NBA coins are moving too as the NBA finals are approacing June 3rd

KNICKS has been catching attention as New York pulls sports-trader mindshare.

SPURS is at a lower market cap on the other side of the matchup.

That’s all for today’s edition, see you degens tomorrow!

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research. This content is for informational and entertainment purposes only. We may hold or trade the tokens mentioned. Nothing here is financial advice. Always do your own research.