Hyperliquid’s HYPE Token Listed on OKX Pre-Market Futures Platform

OKX, a prominent cryptocurrency exchange, has announced the listing of pre-market futures for the HYPE/USDT pair, allowing users to speculate on the altcoin’s price before its listing for spot trading on centralized exchanges. This move comes shortly after Hyperliquid’s native token, HYPE, was launched on December 4, enabling customers to trade futures contracts a week after its token generation event.

Pre-Market Futures Trading and Price Movement

Pre-market trading delivery contracts are USDT-margined delivery contracts, typically delivered before the new token launches on the spot trading market. However, in the case of HYPE, the token had already undergone its token generation event on November 29. Following its listing, HYPE surged to a high of $19.65 on the pre-market futures platform, but later traded at $13.70, down 14.38% from its all-time high.

HYPE Token Listing and Community Sentiment

The HYPE token has already been listed on CoinW, a centralized exchange. The crypto community is speculating that the altcoin may soon secure spot trading support on OKX, which could potentially lead to further price rallies. Community sentiment on Hyperliquid remains highly positive, fueled by the platform’s commitment to decentralization and innovative features such as the TWAP (Time-Weighted Average Price) mechanism.

Hyperliquid’s innovative features, such as the TWAP mechanism, have contributed to the strong support from the community.

Hyperliquid’s Performance and Airdrop Event

Hyperliquid, a decentralized perpetuals exchange, debuted its native token HYPE on November 29, initially priced at $3.90. The total value of its airdrop event reached $1.2 billion, with 31% of the total supply distributed to the community. The platform has previously managed to outpace competitors like Jupiter and SynFutures, setting a record $1.39 billion in daily trading volume in October.

Tips for trading HYPE and other altcoins:

  • Conduct thorough research on the token and its underlying platform.
  • Stay up-to-date with market news and trends.
  • Set clear investment goals and risk management strategies.
  • Consider diversifying your portfolio to minimize risk.

Stay informed about the latest developments in the cryptocurrency market by following Global Crypto News. Our platform provides timely and accurate information on market trends, new listings, and innovative projects in the web3 space.

Post Views: 0