Bitcoin fell to a three-week low below $77,000 after posting consecutive losses since the weekend. The total cryptocurrency market capitalization decreased to $2.63 trillion, losing $50 billion in recent hours. The HYPE and ZEC tokens are trading in positive territory, with the former crossing the $45 threshold despite widespread declines.
The open interest of real-world assets on Hyperliquid reached a new all-time high of $2.6 billion, according to data published by the platform itself. That figure represents double the volume recorded just two months ago, reflecting a sustained shift of capital from token markets toward RWA platforms with greater liquidity and accessibility. TradeXYZ, the main pair deployer on Hyperliquid's HIP-3 protocol, concentrates approximately $2.
Crypto traders are already assigning Elon Musk's SpaceX stock a public-market valuation before the rocket and satellite company has filed for an IPO. On May 17, Hyperliquid-powered Trade.xyz launched a SpaceX pre-IPO perpetual futures contract, creating a live, cash-settled market for traders to bet on where the private company could trade when it eventually lists.
A bullish long-term chart pattern puts HYPE on track for a potential rally above $70 this year, with a16z-linked accumulation and fresh institutional catalysts strengthening the case.
Hyperliquid's HYPE token has jumped as its HIP-3 pre-IPO perp marketplace heats up ahead of a series of high-profile tech IPOs.
Hyperliquid whales now hold $4.039b in open interest with a near‑neutral long–short split, and both sides sitting on millions in unrealized losses after choppy price action. Whale traders on decentralized derivatives platform Hyperliquid (HYPE) currently hold a combined $4.
Whales split between accumulation and profit‑taking, leaving Hyperliquid's HYPE price at a crossroads.
Hyperliquid price stabilized over the weekend after reclaiming a key bullish chart structure, while growing institutional adoption narratives continued supporting investor sentiment around the decentralized derivatives protocol. According to data from crypto.
Despite a broader cryptocurrency market sell-off that dragged Bitcoin below $77,000, the HYPE token rebounded by over 5% on Monday, briefly matching and surpassing its previous peak of $47. HYPE Rebounds Amid Crypto Sell-Off Just days after plunging nearly 10% on reports that rivals ICE and CME had urged U.S.
Trade.xyz launched the first SpaceX pre-IPO perpetual on Hyperliquid at a $1.78 trillion reference valuation, with the contract spiking to $216 within hours.
Hyperliquid (HYPE) soared 11.07% to $46.06, topping the gainers list. Bitcoin Cash (BCH) fell 5.88% to $389.29, leading the losers.
President Donald Trump issued a stark warning to Iran on Sunday, telling the country its time is running out as U.S.-Iran ceasefire talks stall and oil futures hold above $100 per barrel.