Hyperliquid (HYPE) Price Surges 18% Amid Record Trading Activity
Decentralized exchange Hyperliquid has gained attention with its native token HYPE, which surged 18% in 24 hours, aiming for all-time highs above $35. Daily trading volumes increased by 148%, reaching $346.6 million.
Hyperliquid On-Chain Growth
- HYPE open interest hit a record $8.9 billion.
- Platform fees totaled $5.4 million amid high trading activity.
- Total value locked (TVL) of USDC on Hyperliquid reached $3.2 billion.
- HYPE operates without inflation, directing 100% of revenues to the community and token holders.
- HYPE is now the top-performing asset among the top 100 cryptocurrencies, surpassing Avalanche.
Record Bitcoin Bet on Hyperliquid
A crypto whale expanded a 40x leveraged long position in Bitcoin to $1.1 billion on Hyperliquid, marking the first trade over $1 billion on the platform. The position is currently valued at $1.13 billion, with an average entry price of $108,065 and BTC trading at $110,446.
- The whale's initial loss was approximately $16.3 million but rebounded as Bitcoin surpassed $110,000.
- The position remains secure above its liquidation price of $103,790.
Bitcoin Bull Presale Gains Traction
Bitcoin Bull (BTCBULL) is attracting interest during its presale, raising $6.06 million towards a $6.9 million target. The innovative reward model includes airdrops and token burns based on Bitcoin's price increases.
- Token price: $0.00252
- Payment methods: ETH, USDT