Jupiter

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Hyperliquid

Hyperliquid’s native token, HYPE, has been launched on the OKX pre-market futures platform, enabling customers to trade futures contracts a week after its token generation event.
On Dec. 4, crypto exchange <a href="https://crypto.news/tag/okx/" target="_blank" rel="noopener noreferrer nofollow">OKX</a> <a href="https://www.okx.com/zh-hans/help/okx-to-list-pre-market-futures-for-hype-hyperliquid-crypto" target="_blank" rel="noopener noreferrer nofollow">announced </a>that it had listed pre-market futures for the HYPE/USDT pair, allowing users to speculate on the altcoin’s price before its listing for spot trading on centralized exchanges.
Shortly after its listing, HYPE surged to a high of $19.65 on the <a href="https://crypto.news/hamster-kombat-token-to-debut-on-okx-pre-market-future-platform/" target="_blank" rel="noopener noreferrer nofollow">pre-market futures platform</a>. However, the altcoin was later trading at $13.70, down 14.38% from its all-time high.
Pre-market trading delivery contracts are USDT-margined delivery contracts, typically delivered before the new token launches on the spot trading market. However, in this case, the HYPE token had already undergone its<a href="https://x.com/HyperliquidX/status/1862402701705060486" target="_blank" rel="noopener noreferrer nofollow"> Token Generation Event</a> on Nov. 29.
Meanwhile, the HYPE token has already been listed on CoinW, a centralized exchange. Following its inclusion on OKX’s pre-market futures platform, the crypto community is speculating that the altcoin may soon secure spot trading support on OKX, which could potentially lead to further price rallies.
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Hyperliquid, a decentralized perpetuals exchange, debuted its native token HYPE on Nov. 29, initially priced at $3.90. The total value of its airdrop event reached $1.2 billion, with 31% of the total supply distributed to the community.
Less than a day after the pre-market future listings, Hyperliquid (<a href="https://crypto.news/price/hyperliquid/" target="_blank" rel="noopener noreferrer nofollow">HYPE</a>) price rallied to a new all-time high of $13.14 on Dec. 5.
Community sentiment on X remains <a href="https://x.com/Basesol_NFT/status/1864047959454708208" target="_blank" rel="noopener noreferrer nofollow">highly positive</a>, fueled by the platform’s commitment to decentralization, highlighted by the absence of allocations for venture capitalists or private investors.&nbsp;
Additionally, the DEX’s innovative features, such as the TWAP (Time-Weighted Average Price) mechanism that splits large orders into smaller transactions every 30 seconds with a maximum slippage of 3%, have further contributed to the strong support from the community.
Hyperliquid has previously managed to outpace competitors like Jupiter and SynFutures, setting a record $1.39 billion in daily trading volume in October, as per DeFiLlama’s <a href="https://defillama.com/derivatives" target="_blank" rel="noopener noreferrer nofollow">data</a>.
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HYPE secures listing on OKX pre-market futures

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