@joneth93
Coinbase has launched spot trading for Hyperliquid’s native token HYPE, opening the HYPE-USD pair on February 5 after meeting its liquidity requirements.
The token gained around 5% even as Bitcoin slipped below $65,000 for the first time since October 2024 - nearly 50% down from its all-time high.
Last week’s 10% rally came after Hyperliquid implemented its HIP-4 upgrade, introducing prediction market contracts. However, an upcoming major token unlock could pose short-term pressure on the price.
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