Ever wanted to buy HYPE 45% off?

Summary (short):

$RAGE trades at a steep discount to its adjusted asset backing. Using an NAV of $0.335 per token and a market price of $0.183, the token is at a ~45.4% discount to NAV. Recent docs/Discord updates clarify tokenholder claim on treasury assets, the founder is doxxed and active, and non-operating “excess” assets appear ripe for return to holders (buybacks or a partial rage-quit). This is a straightforward “discount to assets + alignment” setup.

Deep discount to asset backing

• ◆Adjusted NAV: $0.335 per token; Market: $0.183 → ~45.4% discount (1 − 0.183/0.335).
• ◆Calculation reflects: accelerated team/angel vesting already accounted for, excludes idle DAO treasury and the existing LP positions (as specified).

(Clean underlying assets - DM me if you need the XLS to corroborate analysis)

(Max 50% Float - rest is idle tokens)

Clear tokenholder claim on treasury assets

• ◆Project documentation was recently updatedat the request from token holders to mark and enumerate treasury assets and the unequivocal rights attaching to token-holders—strong alignment between team and holders.
• ◆Doc excerpt/screenshot.
• ◆Corroborating Discord messages (timestamps + links).

(Token buybacks from treasury assets (small currently) and backing is codified in docs

Founder is doxxed; credible backers; active communications

• ◆Founder identity is public following a significant seed raise with broad CT participation; currently present in Discord and fielding DAO/treasury questions.
• ◆Appendix C: seed round excerpt.

• ◆HYPE holdings source is referral, not team trading
  • ◆HYPE in treasury attributed to REFCODE: RAGETRADE (i.e., user/organic volume), not proprietary team trading—evidence that these economics accrue to tokenholders rather than insiders.
  (Large CT based seed raise)
  • ◆
  

DAO token is the only asset that should govern the treasury - ProductLead = Noodles = Team Lead.

Product roadmap largely complete; capital return is the logical next step

• ◆With the core roadmap at a natural stopping point, the DAO has optionality to distribute excess assets via:
  • ◆Buybacks (supports price/NAV convergence), or
  • ◆Partial rage-quit (direct value return).
• ◆Either path is a clear catalyst for closing the discount.

There is a clear mispricing here and opportunity to unlock real value for all token holders both long and short term.