HYPE Token Reaches New All-Time High Amid SpaceX Trading Surge
- The HYPE token hit an all-time high of $76.50, increasing by 12% in one day.
- SpaceX’s tokenized contract on Hyperliquid saw a volume of $1.1 billion, climbing approximately 23% to around $209.
- Ventuals shut down its markets on Hyperliquid, ending OpenAI and Anthropic perpetual contracts.
- Combined crypto exchange volume fell by 3.45% in May to $4.41 trillion, the lowest since September.
Hyperliquid’s HYPE token surged as SpaceX trading activity increased significantly, driven by after-hours price discovery on its SPCX perpetual contracts. Meanwhile, Ventuals’ shutdown affected AI-related markets on the platform.
The rise in real-world asset perpetuals and decentralized exchange volumes contrasts with declining centralized exchange volumes, indicating a shift in trading patterns within the crypto market.(Source)
