Hype Train · Nov 2024
Newsletter post recapping the election-meme index performance and broader memecoin market commentary.
Company research
Public company, workplace, funding, and market signals
Updated Jul 29, 2026
Overview
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
Crypto / Web3 memecoin trading
Business model
mobile app
crypto trading platform
transaction fees / spread (inferred)
Funding
People & investors
Work & culture
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.
Product & market
Pricing
Not publicly specified; likely trading fees or spread-based monetization.
Differentiators
- —Memecoin-first trading focus
- —Non-custodial wallet
- —Send crypto to friends
- —Track top traders and memecoin trends
- —Solana and Base support
- —Attention-market style indices/news features
Technology
React Native
React
TypeScript
JavaScript
Node.js
PostgreSQL
GraphQL
Redis
Vercel
Tailwind CSS
Solidity
Privy
Coinbase Pay
Apple Pay
TestFlight
Postman
Doppler
Notion
Customers
retail crypto traders
memecoin traders
crypto-native speculators
users sending crypto to friends
Competitors
Coinbase
Venmo
other memecoin trading apps
Scale & contact
Estimated revenue
~$1M estimated annual revenue
Latest news
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.
Jobs and careers at Hype
0 jobs at Hype
No open positions
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