The launch, which could happen as soon as Thursday, comes ahead of “an IPO that’s basing so much” on narrative and symbolism.

SpaceX has a lot riding on its imminent Starship rocket launch

Hyperliquid is undoubtedly the hottest asset in the crypto world recently, and its token HYPE has been soaring, currently above $56.
Based on a circulating supply of approximately 254 million units, its circulating market capitalization is approximately US$14.4 billion; while based on a maximum supply of 1 billion units, its FDV (fully diluted valuation) is approximately US$56.7 billion.
Some believe it's already too expensive, with many whale voting with their feet and heavily shorting it; others think this is just the beginning, and some have even already taken positions on Robinhood Markets, CME Group, etc.

Why is there such a large price difference in HYPE pricing among institutions? From $40 to $360

Original article by Odaily Odaily(@OdailyChina)
Author｜Wenser (@wenser 2010)
Several years ago, when CZ was asked by the media to compare Binance with other exchanges, he made a bold statement: "Binance's only real competitor is Nasdaq."
Today, Hyperliquid, whose trading volume in US stocks, gold and silver, and commodities continues to surge, is even closer to this goal.
With its token HYPE surging by over 100% (recommended reading: "Why is HYPE still rising sharply? Has it peaked?"), crypto...

Trade.xyz 220 days after its launch, Hyperliquid is becoming the "new Nasdaq"

Tracking from Lookonchain shows that whale loracle.hl is holding a Short HYPE position worth over $100 million, with unrealized losses exceeding $23 million and a liquidation price of $69.49. Information recorded...