According to Deep Tide TechFlow news, on September 26, Du Jun, co-founder of ABCDE, posted on platform X stating: "Recently, I discussed HYPE with several old friends, and the general consensus is that the buyback model cannot support a 45 billion FDV; the risks and rewards are not balanced. In simpler terms, even if Hyperliquid surpasses BNB, the theoretical return would only be about 3 times; however, the competition in the Perps DEX space is heating up, with strong competitors lurking and watching closely. More importantly, Hyperliquid has yet to undergo the test of 'large-scale Compliance + security incidents'; once it steps on a mine, the decline could be very significant."