Hyperliquid (HYPE) price jumps sharply following listing plan on Binance US

Jakarta, Pintu News – In the past 24 hours, the price of Hyperliquid (HYPE) has seen a significant rise, almost touching an all-time record high of $39. This price spike came after Binance US announced plans to list the DEX token for spot trading, which not only caught the attention of investors but also signaled the potential for wider adoption of the token.

Price Spike Following Binance US Announcement

Data from CoinMarketCap shows that the price of HYPE has jumped to $37, up more than 14% in the last 24 hours. This increase brings the value of the token closer to the all-time record high reached on May 26. The announcement by Binance US of plans to list the DEX token has provided a bullish outlook for the price of Hyperliquid.

While there is no exact date for when the new listing will take place, the news has been enough to pique market interest. This announcement comes amidst the growing popularity of Hyperliquid as a decentralized exchange (DEX), which has recently gained a lot of attention, thanks in part to James Wynn’s highly leveraged Bitcoin (BTC) positions. James Wynn, known for his speculative actions, recently sold $4 million worth of HYPE holdings and opened a $100 million 40x Bitcoin (BTC) long position on the platform.

Also Read: Donald Trump Launches TRUMP Coin Crypto Wallet, a New Breakthrough in the World of Digital Currency!

Boost Thanks to DEX Revenue

In addition to the influence of the Binance US announcement, Hyperliquid’s price increase was also driven by significant revenue from DEX during this period. The platform has a buyback and burn program that uses a portion of its revenue to purchase and remove HYPE tokens from circulation.

Data from DeFiLlama shows that this DEX generated $64.3 million in revenue last month, a significant increase from $40.94 million in April. Hyperliquid has consistently been among the top protocols generating the most revenue over the past three months. Thanks to this strong performance, the HYPE token now ranks as the 11th largest crypto by market capitalization, with a market value of $12.55 billion, just behind Cardano (ADA).

Comments from Industry Figures

Arthur Hayes, co-founder of BitMEX, has positively commented on James Wynn’s Bitcoin (BTC) bet, calling it one of the best exchange marketing campaigns in crypto history. In a post on X, Hayes expressed his support by saying “HYPE for the win,” indicating the potential benefits for the DEX token.

Hayes, who is also a HYPE holder, has long been bullish on Hyperliquid. Last month, he predicted that HYPE could surge to $100, especially after seeing Wynn’s $1 billion Bitcoin (BTC) position in DEX. These comments add more optimism in the market towards HYPE’s future.

Conclusion

With the upcoming listing on Binance US and the strong revenue performance of DEX, the future of Hyperliquid looks bright. Investors and market watchers will be keeping a close eye on further developments, especially to see how further adoption and integration may affect the price and market position of HYPE.

Also Read: Predicted Cardano Price Surge, Is it Time to Buy?

That’s the latest information about crypto. Follow us on Google News for the latest crypto and blockchain technology updates. Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Pintu Pro Futures is also available, where you can buy bitcoin leverage, trade btc futures, eth futures and sol futures easily from your desktop!

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coingape. HyperLiquid (HYPE) Price Surges to $37 After Binance US Listing News. Accessed on June 4, 2025
• Featured Image: 99Bitcoins