Pump.fun lists charges of up to 0.10% per order and 0.25% per in-app bridge transfer. Hyperliquid sets margin and liquidation rules, while Pump.fun may impose lower leverage limits.
The account began trading Oct. 19 and built positions tied to WTI and Brent crude over two consecutive days.
Bitwise's BHYP fund had the largest outflow at $5.3901 million. Cumulative net inflows across spot HYPE ETFs stood at $311 million.
The token traded at $81.383 at 7:18 a.m. ET (11:18 UTC) Oct. 21, while futures open interest exceeded $3 billion.
Two accounts linked to the firm have traded $9.8 billion across 37 markets and received more than $66 million in funding payments.
Bitwise and Hyperliquid urge the SEC to clarify proposed crypto rules on token trading and airdrops as critics call for the plan's withdrawal.
Yan has separately described how financial firms can run markets on Hyperliquid while keeping their customer relationships.
Some unwanted spotlight is shining on Hyperliquid right now.
HIP-3 began in October 2025. trade.xyz restricts U.S. access to its interface, while a separate CFTC approval covers a KalshiEX Bitcoin contract.
The rise of tokenized-collectibles signals a shift in crypto market dynamics, challenging traditional platforms and reshaping revenue streams. Collector Crypt surpasses Hyperliquid, Papertrade in 24-hour revenue.
HPC wants clearer SEC rules for crypto airdrops, secondary trading, token buybacks, safe harbor eligibility, and "durable" federal protections for projects.
The firms are seeking clearer guidance on the classification of crypto assets and secondary-market trading as the SEC's public comment period comes to a close.