Hyperliquid has launched a TRUMP perpetual contract, enabling traders to leverage positions with up to 3x leverage. TRUMP meme coin by U.S. President-elect Donald Trump operates on the Solana blockchain. This move aligns with the platform’s strategy to offer innovative trading solutions and cater to community demand. Despite the positive development, the native token HYPE saw an 8% decline in the past 24 hours.
Details of the TRUMP Perpetual Contract on Hyperliquid
On January 18, Hyperliquid announced on X the listing of the TRUMP perpetual contract, a move driven by community interest. The contract uses on-chain AMMs for Oracle pricing, ensuring a decentralized approach.
With up to 3x leverage, traders can speculate on its price movements and potential gains. However, the platform warns of risks, including low liquidity, high volatility, and increased liquidation potential.
TRUMP Coin Becomes the First to Hit $10 Billion in Market Cap
Donald Trump has officially launched the TRUMP meme coin, which can be purchased through its official website using debit cards or cryptocurrency. The coin has made history as the first cryptocurrency to surpass a $10 billion market cap within 24 hours of its launch. Available for trading on Hyperliquid, the token was trading at a price of $19.27 and recorded a 24-hour trading volume of $213 million, with $65 million in open interest. At the time of writing, the coin’s fully diluted valuation (FDV) has reached an astounding $19 billion, underscoring its remarkable market reception.
My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW. Go to https://t.co/GX3ZxT5xyq — Have Fun! pic.twitter.com/flIKYyfBrC
— Donald J. Trump (@realDonaldTrump) January 18, 2025
The TRUMP token’s primary liquidity pool on the Meteora protocol reported $12.2 million in revenue over the past 24 hours, ranking second only to Tether. If the current hourly fee income persists, the token’s total daily revenue could exceed $58.08 million.
Hyperliquid Exchange and HYPE Token Performance
Hyperliquid, a next-generation blockchain platform, is setting new standards in decentralized finance (DeFi) with its high-performance infrastructure and scalability. Over the past 24 hours, Hyperliquid’s exchange reported a trading volume of $6.65 billion across 72 listed tokens. The platform has 2 billion in locked value.
HYPE price was currently trading at $21.89, marking an 8% decline in the past day. Despite this drop, the token has risen by 585% over the last quarter, reflecting sustained investor confidence. HYPE’s market cap stands at $7.33 billion, with a 24-hour trading volume of $218 million—a 50% increase compared to the previous day. CoinGape recently reported Hyperliquid’s HYPE token among the 4 coins to watch as Bitcoin once again surpassed the $100K milestone.
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