Preface:
According to official news, OKX launched pre-market trading for Hyperliquid (HYPE) at 9 PM last night! Today's HYPE token has risen, breaking the $13 mark!
Introduction
Hyperliquid is a permanent DEX on the Hyperliquid L1 order book. Hyperliquid's DeFi platform offers the usability of a centralized exchange (CEX) with a seamless user experience, one-click trading, and near-instant transactions. For more advanced traders, the platform provides Take Profit (TP) and Stop Loss (SL) orders along with API support. Its native vault opens market-making and liquidation strategies to the community.
Token name: HYPE
Token economics
The maximum supply of HYPE is 1 billion tokens, with the following specific allocations:
38.888% for future emissions and community rewards;
31.0% allocated for the genesis distribution;
23.8% allocated to current and future core contributors;
6.0% for the Super Foundation budget;
0.3% for community grants;
0.012% allocated to HIP-2.
Tokens will be issued over time, with 76.2% allocated to the community. Eligible participants in the genesis event will receive 310 million tokens, which will be fully unlocked. Unallocated tokens will be transferred to future issuance and community rewards. 60 million HYPE are allocated to the Hyper Foundation budget, 300 HYPE are allocated to grants, and 120,000 HYPE are allocated to Hyperliquidity (HIP-2). 388,880,000 unminted HYPE are reserved for future issuance and community rewards.
Token details
According to official market data, the HYPE token has surged past $13, with a 24-hour increase of 11%. There is a significant upward trend.
As of the deadline, the current price of HYPE is $13.46, with an increase of 8.5% in the last 24 hours, and the trading volume in the last 24 hours is $285,355,237. Compared to the previous day, there was a 10.40% increase, indicating growth in recent market activity. HYPE's all-time high is $13.63, while its all-time low is $3.81. HYPE's total market cap is $4.496 billion, and it is currently ranked 43rd on CoinGecko. It looks like there was a significant short-term rise between 4 and 5 PM!
