Binance has temporarily stopped USDC’s Arbitrum chain currency withdrawals due to the high demand for the Hyperliquid (HYPE) trading platform. The platform’s native token HYPE will have its genesis event on November 29 at 15:33 Beijing time, where 310 million tokens will be distributed to eligible participants.
The tokens will be fully unlocked, and there’s no information on a possible listing on a centralized exchange (CEX). The token will only be traded on a decentralized exchange (DEX) for now.
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