HYPE Jumps 18% as Market Sheds $1.49B in Liquidations
- —Liquidations hit $1.49 billion in 24 hours, over $600 million in a single hour, mostly longs
- —HYPE short sellers accounted for $30.86 million of liquidations
- —ICE struck a deal with Trade[XYZ] to list Hyperliquid perpetual futures in the US
- —Druckenmiller confirmed his Trade[XYZ] investment; Musk replied "Interesting"
Why it matters: ICE and Druckenmiller's entry could bring institutional demand to Hyperliquid, but with no launch date or regulatory approval the rally may prove short-lived.
Source: BeInCrypto KR