Everyone keeps talking about a TradeXYZ airdrop like it was ever promised. It wasn’t. Neither TradeXYZ nor Hyperliquid Labs has promised an airdrop, so why has the narrative suddenly become: Airdrop = good No airdrop = betrayal That makes no sense. Since TGE, Jeff and the Hyperliquid team have consistently shown that they think several moves ahead. They’ve built around long-term alignment, not short-term hype. If there is a distribution, I expect it to be structured in a way that strengthens the ecosystem rather than simply creating free exit liquidity. And if there isn’t one, that doesn’t mean HYPE holders were “let down.” The real bull case was never an airdrop. The bet is on Jeff, Hyperliquid Labs, and their ability to keep compounding value for HYPE holders.