Binance US Bets on HYPE: Hyperliquid Token Rides Trading Frenzy to Listing

Another day, another altcoin pumps its way onto a major exchange—this time it’s Hyperliquid’s HYPE token, landing on Binance US amid what the platform calls ’record trading activity.’ Cue the speculative frenzy.

Pump first, ask questions later? The listing comes as traders pile into the token, though Binance US—ever the PR maestro—stays coy on whether the volume is organic or just another case of coordinated hype. (Spoiler: It’s crypto. Probably both.)

For now, HYPE joins the casino floor. Will it defy gravity or crash like the latest VC-backed ’utility’ token? Place your bets—just don’t mortgage the house.

Binance US to List Hyperliquid Soon

Hyperliquid, a high-performance trading blockchain, has won a few important accolades recently. It surpassed dYdX’s trading volume in late May, overpowering Sui’s market cap less than one week later.

The exchange also became viral recently due to the massive long and short bets from crypto whale James Wynn. His trades saw Hyperliquid hit $8.6 billion in daily trading volume last week. Today, Binance US announced that it will list Hyperliquid, another big win:

The $HYPE is real.

Spot trading for @HyperliquidX is coming soon to https://t.co/AZwoBOh0gq. Follow us to get notified when our new listing goes live. pic.twitter.com/CrpenFv2uh

This may be Binance US’ first direct interaction with HyperLiquid, but the massive exchange has several subsidiary branches. Less than one week ago, Binance Futures announced HYPE perpetuals contracts, signifying a pre-existing interest.

Even though the Binance US listing date is still uncertain, it caused a noticeable spike in the token’s valuation.

Although this news seems bullish on the surface, some community members expressed skepticism. Specifically, the two companies had a recent negative interaction when Binance evidently tried to exacerbate the JELLYJELLY short squeeze crisis at Hyperliquid.

This alleged action increased the financial damage that the platform suffered at the time.

Of course, the crypto community can be a very loose conglomerate with a wide range of off-beat opinions on any subject. Some users are already accusing both Binance and Hyperliquid of deliberately undermining each other, but there doesn’t seem to be any proof of this.

Hopefully, Binance US will release further details about the Hyperliquid listing in the NEAR future. For now, HYPE’s price growth is contributing to the trading platform’s growing momentum and notoriety.