Preface:
According to official news, OKX has launched Hyperliquid (HYPE) pre-market trading at 9 PM last night! Today's HYPE token has risen, breaking through $13!
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 offers partial take-profit (TP) and stop-loss (SL) orders and API support. Its native treasury opens up 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 to 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. Qualified 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 will be allocated to the Hyper Foundation budget, 300 HYPE will be allocated to grants, and 120,000 HYPE will be allocated to Hyperliquidity (HIP-2). 388,880,000 unminted HYPE will be reserved for future issuance and community rewards.
Token Details
According to official market data, the HYPE token has surged past $13, with an increase of 11% in 24 hours. There is a significant upward trend.
As of the time of writing, HYPE is currently priced at $13.46, with an increase of 8.5% in 24 hours. The trading volume in the last 24 hours is $285,355,237, indicating a 10.40% increase compared to the previous day, showing growth in recent market activity. HYPE's all-time high price is $13.63, while its all-time low price is $3.81. HYPE's total market capitalization is $4.496 billion, and it is currently ranked 43rd on CoinGecko. It appears to have a significant short-term increase between 4 and 5 PM!
