Exchanges· ★★★★· neutral·

Binance Lists HYPE as Record $18B Open Interest and $90M Unstaking Test Momentum

  • Binance opened HYPE/USDT, HYPE/USDC and HYPE/TRY at 11:00 UTC on September 24, withdrawals on September 25
  • Hyperliquid's platform-wide open interest hit a record $18 billion, up about 10% in four days
  • Five addresses began unstaking 983,600 HYPE worth about $90.4 million, the largest 391,800 HYPE
  • HIP-3 markets account for roughly 30% of Hyperliquid's 30-day volume; HYPE market cap is $20.9 billion
Why it matters: The listing gives HYPE access to Binance's centralized spot liquidity, but $90 million in unstaking and record open interest raise the risk of volatility.
Source: Crypto News Flash