zerokn0wledge

Rage Trade $RAGE launch on Hyperliquid: tokenomics and rage quit

Post181 words
ThesisHyperliquidPerpsRage TradeHyperliquidFjord Foundry$RAGE$HFUN
Bullish call$RAGE−31%since listing, moved against the callHow it played out ↓

Pre-launch rundown: 35% circulating at TGE, 20% sold at $30M FDV on Fjord raising $6M in 15 minutes, and a rage quit option to forfeit 60% for 40% immediately. Frames it as the first major token launch on Hyperliquid spot.

Key claims
35M RAGE (35%) circulating at TGE
20% sold at $30M FDV raising $6M in 15 minutes
6.5% airdrop to OG Hyperliquid traders and HFUN holders
$RAGE is launching in less than 1h on @HyperliquidX. TL;DR on everything you need to know 👇 - 35M $RAGE (35%) will be circulating upon TGE (incl. liquidity), no airdrop dump or investor unlocks on TGE due to cliff. - "Rage quit" allows investors and airdroppers to forfeit 60% (redistributed to other holders) for 40% right away (see screenshot). - 20% was sold at $30M FDV on @FjordFoundry, which raised $6M in 15 minutes (VCs and angels bought in at $40M years ago). - Floor is open for price discovery with low launch FDV ($30M). - $RAGE is not vaporware or a pre-product token. - @rage_trade is multichain perp aggregation with real adoption. - Serious backers & investors (see screenshot) - First major token launch on @HyperliquidX (right time, right place). - Spot trading is incentivized with HL points, which will add to hype. - Personally, expect green candles (due to low launch FDV), which is best marketing. - 6.5% airdrop mainly to cults, incl. OG Hyperliquid traders and $HFUN holders. NFA, but what's your take on this one? Bullish? 👀

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How the call played out · since 07 Aug 2024

Prices as of 23 Oct 2026

This piece takes a view on $RAGE, so that move is read against the call. Other assets it covers are shown as context, not as calls.

$RAGERage ProtocolBullish thesis

Bullish on RAGE at launch, expecting green candles from the low launch FDV and real product adoption.

−31%
Moved against the call · since it listed on 07 Nov 2025, 15 months after this piece
At listing
$9.33
Now
$6.44
vs BTC
−14%
After 1 month
−15%
After 3 months
−29%
High since
+0.1% 12 Nov 2025
Low since
−46% 07 Aug 2026
Show market context for 1 other asset
Mentioned for context
$HFUNHypurr Funsince publication−23%−47% vs BTC
Since then

Zero has written 1 more piece on the same subject since this one.

Daily closes in USD from DefiLlama and Yahoo Finance. Only a bullish or bearish call in a thesis or market take is tracked; explainers, lists, maps and mentions are neutral context. Not financial advice.

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