SpaceX pre-IPO bet crashes 45% while HYPE holds near highs
The token remained near its May 26 all-time high of $64.44. That price action suggests the market treated the SpaceX event as a product-level risk, not a full rejection of Hyperliquids broader trading story. As crypto.news reported, Hyperliquid recently hit new highs as ETF inflows and prediction-market growth supported demand. HYPE ETFs also crossed $100 million in cumulative net inflows within their first 10 trading sessions, giving the token another demand channel. Hyperliquids token model also remains central to trader interest. As previously reported by crypto.news, the Assistance Fund uses 97% of protocol trading fees for open-market HYPE buybacks. That structure links exchange activity to token demand, though it does not remove trading risk. Social posts add caution around sentiment Market commentary stayed bullish after the crash, but some posts should be treated with care. Hyperliquid Daily called Hyperliquid “the full financial layer” and said Wall Street was watching. It also cited a claim that ICEs CEO called the platform “bigger than NASDAQ” in effect. Hyperliquid is becoming the full financial layer: Perps + prediction markets + pre-IPO synthetics + full DeFi via HyperEVM 99% of fees → $HYPE buybacks/burns Running ~$800M annualized revenue with a tiny team Wall Street is watching. ICEs CEO called it “bigger than NASDAQ”…