HYPEThe decentralized blockchain token is cryptocurrency exchange Hyperliquid, has been going against most of the digital seeds in the last week of trading with a remarkable rally of 49.62% to $58.47 – inches away from the all-time high (ATH).
The move also added about $5 billion to HYPE’s market capitalization, which rose from $9.9 billion to $14.6 billion. In addition, Hyperliquid continued Solana (SOL) in terms of total value (FDV), hitting $54.57 billion versus SOL’s $54.22 billion, at any rate. data Arkham shared on X on May 21.
FDV represents the market capitalization if all possible indicators were published.
At this point, everything cryptocurrency market fell during the period, shedding $130 billion as total digital currency fell from $2.68 trillion to $2.55 trillion.
How the SpaceX IPO turned into Hyperliquid news sent the HYPE flying
Elsewhere, as of press time on May 21, it appears that the Hyperliquid news that fueled the recent HYPE conference was about the highly anticipated event. Images of SpaceX first public offering (IPO).
In particular, Trade.xyz he started permanent pre-IPO for the future (perps) for a billionaire It’s Elon Musk another very popular company on May 18.
The new Hyperliquid perps sent HYPE up nearly 7% immediately, showing the huge appeal of a company expected to go public at a valuation of more than $1.5 trillion, suggesting it could be as big as Tesla (NASDAQ: TSLA) and in the top 10 worldwide since day one.
In particular, SpaceX pre-IPO Hyperliquid perps was established at a price of $ 150 for a total value of $ 1.8 trillion and, at the time of printing, is at $ 207 with a 24-hour volume of $ 29.4 million.
Why Anthropic and OpenAI Hyperliquid perps can give $5 billion to rise its second wind
Other news from Hyperliquid since May 18 that may have caused the show to explode in a week included the endless future of the IPO of artificial intelligence.AIcompanies OpenAI and Anthropic.
In addition, while the HYPEs join the two AI companies, so far, they are very excited Less increase than SpaceX, things can change quickly.
Indeed, although several comments made especially by corporate chief financial officers (CFOs) made the public offering seem distant, Price CNBC report on May 20 that OpenAI could file for an IPO as early as Friday, May 22.
Based on recent developments, the pre-IPO AI Hyperliquid perps may prove enough of a story that the HYPE token has started to explode again, nearly 50% higher for the rest of the month.
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