Hype Train · Nov 2024
Newsletter post recapping the election-meme index performance and broader memecoin market commentary.
Public company, workplace, funding, and market signals
Updated Jul 29, 2026
Hype (Hypeshot Inc.) is a New York-based, YC S22 crypto/fintech startup building a mobile app for trading memecoins, tracking top traders, and sending crypto to friends. Public sources consistently point to Ravi Bakhai as founder/CEO; public headcount and funding sources vary a bit, but the best-supported current picture is a very small team, roughly 5-7 employees, and about $21M raised across three rounds. No public GitHub or formal engineering blog was found; the main public channels are the website, YC profile, App Store page, X/Twitter, Telegram, Discord, and a newsletter/news archive.
Primary product
Mobile app for trading memecoins and crypto, tracking top traders, and sending crypto to friends.
Founded
2022
Headquarters
New York City, New York, United States
Team size
1-10
Industry
Financial Services
Sub-industry
0 jobs at Hype
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Crypto / Web3 memecoin trading
Business model
Leadership
Founder and CEO
Investors
Lean, crypto-native, meme-driven startup culture with public materials emphasizing memecoins, social crypto sharing, and fast-moving product experimentation.
Compensation
Public YC job postings show New York engineering roles at roughly $120K-$180K for Software Engineer and $140K-$210K for Senior Software Engineer, suggesting mid-to-high market pay for a small startup.
Pricing
Not publicly specified; likely trading fees or spread-based monetization.
Differentiators
Technology
Customers
Competitors
Estimated revenue
~$1M estimated annual revenue
Hype Train · Nov 2024
Newsletter post recapping the election-meme index performance and broader memecoin market commentary.
The Block · Nov 2024
Coverage of Hype's election-themed memecoin index and founder Ravi Bakhai's comments about memecoins as attention markets.
Hype Train · Oct 2024
Official launch note announcing that Hype went live on the App Store and highlighting core features: trading memecoins, sending crypto to friends, Solana/Base support, non-custodial wallets, and onramping via Apple Pay or Coinbase Pay.
TechCrunch · Apr 2023
Explains the rebrand from Pico to Hype and the $10M Series A led by King River Capital, with Hype Kits for creators as part of the earlier platform direction.