Arthur Hayes has commented on the market dynamics surrounding Hyperliquid ($HYPE), suggesting that massive revenue growth is the only way for the token to overcome uncertainty. He noted that even if the team promises not to sell, there is no binding mechanism to prevent it, implying traders should assume a non-zero amount of daily sell pressure. Hayes emphasized that simple mathematics dictates the relationship between valuation and market uncertainty. His comments serve as a reality check for investors relying solely on team assurances regarding token unlocks and supply management. This perspective suggests a cautious approach, focusing on the protocol's actual performance and revenue generation rather than speculative hype or informal promises from the development team.