Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Investing

HYPE token lists on Binance Futures with up to 75x leverage, but market reaction muted

admin by admin
May 30, 2025
in Investing
0
HYPE token lists on Binance Futures with up to 75x leverage, but market reaction muted
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Binance Futures has launched a new high-leverage derivative product tied to HYPE, the native token of Hyperliquid, a decentralised perpetual exchange.

The HYPE/USDT perpetual contract became tradable on May 30 at 10:30 UTC, offering leverage up to 75x—among the highest on Binance Futures.

Yet, contrary to what some traders expected, the token’s price dipped 4.5% in the last 24 hours, bringing it down to $32.80.

This comes despite a 78% gain over the past month and over $11 billion in trading volume within Hyperliquid’s broader ecosystem.

Binance Futures expands high-leverage offering

The listing of HYPE on Binance Futures adds to a growing suite of derivative products tied to altcoins.

The HYPE/USDT perpetual contract features a maximum funding rate of +2.00% or -2.00%, settled every four hours.

These figures, as noted by Binance, could be subject to revision based on prevailing market conditions.

HYPE is also expected to be included in Binance’s Futures Copy Trading programme within 24 hours of the listing.

This feature allows less experienced traders to mirror the strategies of top-performing users, potentially amplifying engagement with the new contract. Binance has not released any official trading volume figures since the listing.

HYPE price slips amid broader volatility

Despite the new futures offering and recent strong performance, HYPE has seen its value decline 11% over the past week.

On the day of the listing, it dropped 4.5%, bucking the typical trend of short-term price jumps following major exchange announcements.

The token currently ranks as the 12th largest cryptocurrency by market capitalisation, outperforming both Bitcoin and Ethereum in percentage gains over the past month.

The recent price decline may reflect profit-taking behaviour by early adopters, uncertainty around short-term funding rates, or shifts in liquidity.

Some traders have speculated that anticipation of a second airdrop, not yet confirmed by Hyperliquid, could be driving cautious sentiment as users weigh the merits of holding versus trading.

Hyperliquid ecosystem fuels long-term interest

Hyperliquid has garnered significant attention for its decentralised infrastructure and high-volume trading activity.

The platform recently surpassed $11 billion in perpetual futures volume, driven in part by a rewards system that distributes points for trading activity, staking, and participation across various decentralised protocols.

These points are often linked to future airdrops, a mechanism that has been successful in attracting users in similar ecosystems.

While Hyperliquid has not announced another token distribution event, a recent tweet from the official @HyperliquidX account stated, “Phase 2 will reward based on ecosystem engagement, not just trading. Stay tuned.”

That tweet, posted on May 29, has fuelled speculation about an incoming distribution, potentially supporting HYPE’s longer-term value despite the immediate price drop.

The post HYPE token lists on Binance Futures with up to 75x leverage, but market reaction muted appeared first on Invezz

Previous Post

US stocks slip at open: S&P down 0.4%, Nasdaq fall 0.6%

Next Post

XRP lawsuit takes new turn as Keener presents ‘decisive evidence’ before SEC deadline

admin

admin

Next Post
XRP lawsuit takes new turn as Keener presents ‘decisive evidence’ before SEC deadline

XRP lawsuit takes new turn as Keener presents ‘decisive evidence’ before SEC deadline

Trending News

Top five Nifty Smallcap gainers of 2024: what drove their surge?

Top five Nifty Smallcap gainers of 2024: what drove their surge?

December 25, 2024
From cheese to wine: Italian farmers lobby urges EU to fight back against Trump’s tariffs

From cheese to wine: Italian farmers lobby urges EU to fight back against Trump’s tariffs

March 4, 2025
Global financial hubs London, New York, Hong Kong face decline as emerging Asian cities surge

Global financial hubs London, New York, Hong Kong face decline as emerging Asian cities surge

September 25, 2024
Subscribe to Insightful Word


    Recent News

    Jaguar Land Rover to cut 500 UK jobs as US tariffs dent exports

    Jaguar Land Rover to cut 500 UK jobs as US tariffs dent exports

    July 17, 2025
    Oracle stock price has surged, but beware of key risks

    Oracle stock price has surged, but beware of key risks

    July 17, 2025
    Starbucks shares slip after Jefferies downgraded the stock

    Starbucks shares slip after Jefferies downgraded the stock

    July 17, 2025
    US stocks open in the green: Dow Jones up 150 points, Nasdaq up 0.2%

    US stocks open in the green: Dow Jones up 150 points, Nasdaq up 0.2%

    July 17, 2025

    Recent News

    Jaguar Land Rover to cut 500 UK jobs as US tariffs dent exports

    Jaguar Land Rover to cut 500 UK jobs as US tariffs dent exports

    July 17, 2025
    Oracle stock price has surged, but beware of key risks

    Oracle stock price has surged, but beware of key risks

    July 17, 2025

    Latest News

    • Jaguar Land Rover to cut 500 UK jobs as US tariffs dent exports
    • Oracle stock price has surged, but beware of key risks
    • Starbucks shares slip after Jefferies downgraded the stock

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.