Hyperliquid's HIP-4 event contracts opened with $6.05m volume as HYPE held near $41.64, with traders watching $44 resistance for a break now
Hyperliquid (HYPE) is showing signs of a possible trend reversal after forming a classic bearish candlestick pattern near recent highs. Following a strong recovery rally from the March lows, HYPE/USDT climbed steadily toward the $44$46 resistance zone.
Hyperliquid activated its HIP-4 Outcome Markets on mainnet May 2, 2026, bringing fully collateralized, onchain prediction markets directly into the same account where traders already run perpetual futures and spot positions. Key Takeaways: Hyperliquid launched HIP-4 Outcome Markets on mainnet May 2, 2026, with BTC daily binary contracts live and trading.
Transparency and new Pre-IPO perp markets are pushing Hyperliquid to the front.
Hyperliquid whale Cooker.hl sold 45,786 HYPE for $1.8 million in USDC.
After a powerful multi-week push, Hyperliquid is attempting to stabilize, but the structure is currently mixed rather than clearly bullish.
Hyperliquid is testing HIP-4, a prediction market product with a zero-fee-to-open structure that would let traders bet on real-world events alongside their crypto futures from a single margin account.
HIP-4 could become a dominant prediction-market venue because Hyperliquid users can get economic exposure to platform usage through HYPE, unlike users of Polymarket or Kalshi.
Hyperliquid (HYPE), one of the fastest-growing decentralized exchanges in crypto, is moving into prediction markets with a proposal aimed at competing with Polymarket and Kalshi. Bloomberg reported Wednesday that Hyperliquid is testing a new system upgrade called HIP-4, designed to let traders bet on real-world outcomes on a platform that has gained attention for how quickly and aggressively it has expanded.
The integration allows trading in over 200 perpetual contract markets, including cryptocurrencies and commodities such as gold and oil. Users can make deposits from any network and see their funds available in under two seconds thanks to Layer 1 efficiency.
Correction to $30 or a pump to $50: what's next for HYPE?
Hyperliquid is gearing up to challenge Polymarket with a zero-fee entry for event betting as the $63 billion prediction market sector continues to explode.