Investor Duncan Calls Ethereum Project 'Most Asymmetric Investment' Since Hyperliquid at $2, Citing 37x Upside

Duncan, a crypto investor from Flood Capital, has highlighted an Ethereum-based project identified by the address 0x0f2d719407fdbeff09d87557abb7232601fd9f29, calling it "the most asymmetric investment I have seen in crypto since hyperliquid:native at $2 USD." He notes the project has an $81 million fully diluted valuation (FDV) which could represent a 37x upside versus the closest crypto competitor, and suggests it could reach Robinhood's (HOOD) market cap—implying a potential 1000x return from current levels.

The comparison to Hyperliquid, a blockchain-based perpetual exchange whose native token was once valued at $2, underscores Duncan's belief in the project's asymmetric risk-reward profile. The tweet did not disclose the token's name or ticker, and no further details on the project's fundamentals or team were provided. As with any early-stage crypto investment, due diligence and caution are advised.