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Hyperliquid’s market momentum propels HYPE to new high – TON BOT

Hyperliquid’s market momentum propels HYPE to new high

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Hyperliquid’s native token, HYPE, reached a new record high due to increased trading activity and open interest, following Bitcoin’s price milestone. The platform’s open interest reached $9.4 billion, a 53% increase from previous levels. Hyperliquid engaged with the CFTC regarding regulatory discussions and emphasized the benefits of its decentralized infrastructure. HYPE surged over 12% in 24 hours to over $37, joining the broader market rally. However, a whale trader suffered a significant loss after shorting 1.875 million HYPE tokens.

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