Investigation Report: Bitcoin Hyper (HYPER)
Executive Summary
Date: August 20, 2025
Overall Score: 3.5 / 10
Risk Level: EXTREME
Recommendation: AVOID
While Bitcoin Hyper promises a Solana VM–powered Layer 2 to solve Bitcoin’s limitations, critical flaws—anonymous team, no working product, centralized sequencer, and unsustainable tokenomics—render it uninvestible.
1. Project Overview (6 / 10)
Problem Statement
- Bitcoin limited to ~7 TPS, high fees, no native smart contracts.
- Unable to support modern DeFi, gaming, and Web3 applications.
Proposed Solution
- High-performance Layer 2 anchored to Bitcoin L1.
- Solana Virtual Machine (SVM) integration for smart contracts.
- Canonical Bridge for BTC <> HYPER transfers.
Assessment: Addresses real pain points but raises centralization concerns and lacks clear edge over established solutions.
2. Technology Analysis (4 / 10)
| Aspect | Findings |
|---|
| Architecture | Hybrid SVM L2 + Bitcoin L1 |
| Sequencer | Single trusted node (centralization risk) |
| Development Status | No public testnet, MVP, or code repository; audits pending |
| Security | Bridge contracts untested, no bug bounty program |
3. Team & Governance (2 / 10)
- Anonymous team; only one known director (Agus Prabowo Saputra).
- No KYC or verifiable credentials.
- Entity: Sentinum Ltd (BVI), “under incorporation” with no clear governance framework.
No accountability or verifiable expertise.
4. Tokenomics Analysis (5 / 10)
| Metric | Details |
|---|
| Total Supply | 21 billion HYPER |
| Distribution | 30% Dev | 25% Treasury | 20% Marketing | 15% Rewards | 10% Listings |
| Insider Control | 55% (development & treasury) |
| Staking APY | 100–115% (unsustainable) |
5. Market Analysis (7 / 10)
- TAM: Bitcoin L2 → $47B by 2030.
- Competition: Lightning Network, Stacks, RSK, Liquid, Botanix, BitVM.
- Positioning: First SVM-based Bitcoin L2 but late to market and unproven.
6. Risk Assessment (2 / 10)
| Risk Category | Key Concerns |
|---|
| Technical | Single sequencer; untested bridge |
| Execution | Anonymous team; no working product |
| Market | Intense competition; adoption hurdles |
| Regulatory | Unregistered security risk; offshore entity |
Overall Risk: EXTREME
7. Legitimacy Verification (3 / 10)
- Audits claimed but unpublished.
- Anonymous team, no working product, community scam warnings.
- Unrealistic promises and centralized design.
8. Financial Projections
- Presale Price: $0.012755
- Claimed Listing Price: $0.012975 (1.7% premium)
- Market Cap: ~$268M
- ROI Scenarios:
- Bear: –90% to –100%
- Base: –50% to –90%
- Bull: 0% to 50% (only with major fixes)
9. Investment Recommendation
Recommendation: AVOID
- Anonymous, unverified team
- No MVP or testnet despite launch timeline
- Centralized sequencer contradicts decentralization
- 55% insider control
- Multiple community scam alerts
Consider alternatives: Lightning Network, Stacks (STX), Solana (SOL).
10. References & Important Links
Scam Alerts & Warnings