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 group demand. Despite the constructive growth, the native token HYPE noticed an 8% decline previously 24 hours.
Details 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 group curiosity. The contract makes use of on-chain AMMs for Oracle pricing, guaranteeing a decentralized strategy.
With as much as 3x leverage, merchants can speculate on its value actions and potential good points. However, the platform warns of dangers, together with low liquidity, excessive volatility, and elevated liquidation potential.
TRUMP Coin Becomes the First to Hit $10 Billion in Market Cap
Donald Trump has officially launched the TRUMP meme coin, which may be bought by means of 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. Available 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. At 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 fun every part we stand for: WINNING! Join my very particular Trump Community. GET YOUR $TRUMP NOW. Go to https://t.co/GX3ZxT5xyq — Have Fun! pic.twitter.com/flIKYyfBrC
— Donald J. Trump (@actualDonaldTrump) 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 earnings persists, the token’s complete every day income may exceed $58.08 million.
Hyperliquid Exchange and HYPE Token Performance
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 trade 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 at the moment buying and selling at $21.89, marking an 8% decline previously day. Despite 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 the day past. 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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