#Hyperliquid Fund Buys Huge Amount of HYPE#

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Hot Topic Overview

Overview

Hyperliquid Fund recently made a massive buy of HYPE tokens, its auxiliary fund purchased over 200,000 HYPE yesterday, setting a new daily record, with an average price of $21.22, for a total value of approximately $4.2 million. This caused HYPE's 24-hour trading volume to skyrocket to around $20 billion as it is one of the first exchanges to list TRUMP and MELANIA. The Hyperliquid team discovered a MELANIA perp within 2 hours of HYPE's listing, stating that the average ATH trade volume is over $17 billion per person. With the hype surrounding the Trump family meme coin, higher trading records are expected in the coming days.

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Analysis

Hyperliquid Assistant Fund set a new daily purchase volume record yesterday, acquiring over 200,000 HYPE tokens at an average price of $21.22 (approximately $4.2 million). This sent HYPE's 24-hour trading volume soaring to approximately $20 billion, as it was one of the first exchanges to list TRUMP and MELANIA. This massive buy-in is believed to be linked to the hype surrounding the Trump family meme coins, with even higher trading records expected in the coming days. Furthermore, the HyperliquidX team identified a MELANIA perpetrator within 2 hours of HYPE's listing, with an average ATH trade volume exceeding $17 billion. These events demonstrate that HYPE has garnered widespread attention in the market and could become a hot topic in the meme coin space for some time.

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Public Sentiment

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Hyperliquid Assistant Fund is bullish on HYPE, setting a new record for single-day purchases.

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HYPE's 24-hour trading volume has surged to approximately $20 billion as it is one of the first exchanges to list TRUMP and MELANIA.

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HYPE's trading volume is expected to be even higher in the coming days as hype surrounding the Trump family meme coin grows.

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The HyperliquidX team found a MELANIA scammer within 2 hours of HYPE listing, highlighting potential risks for the project.

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