Binance US Lists Hyperliquid’s HYPE Amid Record Trading Spike
In Brief
- Binance US will list Hyperliquid’s HYPE token soon, fueling a 6% price spike in 24 hours.
- Despite positive price movement, listing date details remain unclear, leaving uncertainty for investors.
- Past negative interactions between Binance and Hyperliquid fuel skepticism among some community members.
Binance US announced that it will list Hyperliquid’s HYPE token in the near future. This caused a minor price spike, giving HYPE more than 6% growth in the last 24 hours.
Unfortunately, Binance’s listing announcement doesn’t have many specific details, and it’s unclear when HYPE will go live on the platform. Nonetheless, this seems like a bullish development.
Binance US to List Hyperliquid Soon
Hyperliquid, a high-performance trading blockchain, has won a few important accolades recently. It surpassed dYdX’s trading volume in late May, overpowering Sui’s market cap less than one week later.
The exchange also became viral recently due to the massive long and short bets from crypto whale James Wynn. His trades saw Hyperliquid hit $8.6 billion in daily trading volume last week. Today, Binance US announced that it will list Hyperliquid, another big win:
This may be Binance US’ first direct interaction with HyperLiquid, but the massive exchange has several subsidiary branches. Less than one week ago, Binance Futures announced HYPE perpetuals contracts, signifying a pre-existing interest.
Even though the Binance US listing date is still uncertain, it caused a noticeable spike in the token’s valuation.
Although this news seems bullish on the surface, some community members expressed skepticism. Specifically, the two companies had a recent negative interaction when Binance evidently tried to exacerbate the JELLYJELLY short squeeze crisis at Hyperliquid.
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This alleged action increased the financial damage that the platform suffered at the time.
Of course, the crypto community can be a very loose conglomerate with a wide range of off-beat opinions on any subject. Some users are already accusing both Binance and Hyperliquid of deliberately undermining each other, but there doesn’t seem to be any proof of this.
Hopefully, Binance US will release further details about the Hyperliquid listing in the near future. For now, HYPE’s price growth is contributing to the trading platform’s growing momentum and notoriety.
