Hyperliquid has launched a TRUMP perpetual contract, enabling merchants to leverage positions with as much as 3x leverage. TRUMP meme coin by U.S. President-elect Donald Trump operates on the Solana blockchain. This transfer aligns with the platform’s technique to supply revolutionary buying and selling options and cater to neighborhood demand. Regardless of the optimistic improvement, the native token HYPE noticed an 8% decline previously 24 hours.
Particulars of the TRUMP Perpetual Contract on Hyperliquid
On January 18, Hyperliquid announced on X the itemizing of the TRUMP perpetual contract, a transfer pushed by neighborhood curiosity. The contract makes use of on-chain AMMs for Oracle pricing, making certain a decentralized method.
With as much as 3x leverage, merchants can speculate on its value actions and potential features. Nonetheless, the platform warns of dangers, together with low liquidity, excessive volatility, and elevated liquidation potential.
TRUMP Coin Turns into the First to Hit $10 Billion in Market Cap
Donald Trump has officially launched the TRUMP meme coin, which could be bought via its official web site utilizing debit playing cards or cryptocurrency. The coin has made historical past as the primary cryptocurrency to surpass a $10 billion market cap inside 24 hours of its launch. Out there for buying and selling on Hyperliquid, the token was buying and selling at a value of $19.27 and recorded a 24-hour buying and selling quantity of $213 million, with $65 million in open curiosity. On the time of writing, the coin’s absolutely diluted valuation (FDV) has reached an astounding $19 billion, underscoring its outstanding market reception.
My NEW Official Trump Meme is HERE! It’s time to have a good time all the pieces we stand for: WINNING! Be part of my very particular Trump Group. GET YOUR $TRUMP NOW. Go to https://t.co/GX3ZxT5xyq — Have Enjoyable! pic.twitter.com/flIKYyfBrC
— Donald J. Trump (@realDonaldTrump) January 18, 2025
The TRUMP token’s main liquidity pool on the Meteora protocol reported $12.2 million in income over the previous 24 hours, rating second solely to Tether. If the present hourly payment revenue persists, the token’s whole each day income may exceed $58.08 million.
Hyperliquid Change and HYPE Token Efficiency
Hyperliquid, a next-generation blockchain platform, is setting new requirements in decentralized finance (DeFi) with its high-performance infrastructure and scalability. Over the previous 24 hours, Hyperliquid’s change reported a buying and selling quantity of $6.65 billion throughout 72 listed tokens. The platform has 2 billion in locked worth.
HYPE value was presently buying and selling at $21.89, marking an 8% decline previously day. Regardless of this drop, the token has risen by 585% over the past quarter, reflecting sustained investor confidence. HYPE’s market cap stands at $7.33 billion, with a 24-hour buying and selling quantity of $218 million—a 50% improve in comparison with yesterday. CoinGape not too long ago reported Hyperliquid’s HYPE token among the many 4 coins to watch as Bitcoin as soon as once more surpassed the $100K milestone.
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Disclaimer: The introduced content material might embrace the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability on your private monetary loss.
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