Hyperliquid Traders Watch Closely as Binance May List HYPE Soon

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Is HYPE the Next Big Thing or Just a Fanciful Dream? 🤔💰

Well, well, well! It seems that Hyperliquid’s native token, HYPE, is strutting around like a peacock lately, all thanks to some juicy whispers about a possible listing on Binance US. In the past week, this little rascal has jumped over 5% and has seen a trading volume spike of 20%, all because folks are buzzing that Binance might just be ready to roll out the red carpet for HYPE. 🦚

BitMEX Co-founder Arthur Hayes Fuels HYPE

Now, if you thought HYPE was getting attention before, just wait until you hear this! Our good friend Arthur Hayes, the co-founder of BitMEX, decided to stir the pot with a cheeky post on X, tagging Binance’s big cheese, CZ, and asking when HYPE would be ready for its close-up in spot trading. This comes right after Binance’s social media channels dropped some tantalizing hints about supporting HYPE. Talk about a plot twist! 🎭

Hey @cz_binance does this mean Binance is about to list $HYPE spot soon?

— Arthur Hayes (@CryptoHayes) June 9, 2025

Now, let’s not forget that BinanceUS already listed HYPE perpetual contracts with a whopping 75x leverage on May 30, but they’re still playing coy about a spot listing, despite the clamoring crowd. Binance made it clear that just because they’ve got futures doesn’t mean they’ll be handing out spot listings like candy. 🍬

But hold your horses! Arthur Hayes’ post and the futures listing have whipped up quite the frenzy around a potential spot debut, with Hayes even predicting that HYPE could soar to $100 faster than a cat on a hot tin roof. And Binance has been teasing that spot trading for Hyperliquid is just around the corner. Can you feel the excitement? 🎉

Who Will List It First?

Now, the race is on! Kraken, Binance US, and Coinbase are all lined up like eager contestants at a county fair, ready to list HYPE in the good ol’ U.S. of A. Binance was quick to list HYPE futures right after Coinbase, so whoever gets the spot listing first might just start a domino effect. 🏁

Hyperliquid has been gaining traction for its smooth-as-silk perpetual futures and spot trading, especially after handling some hefty leveraged trades from crypto trader James Wynn. Its total value locked has doubled in recent months, showing that folks are quite interested in what they’ve got cooking. 🍳

However, despite James Wynn giving the DEX a boost with his big bets, he’s not shy about criticizing its weak referral program compared to other platforms. He even mentioned that his partnership proposal was tossed aside like last week’s leftovers, but hey, that’s the nature of a decentralized platform, isn’t it? He’s even nudged Binance’s CZ to whip up a “dark pool” DEX to give Hyperliquid a run for its money. After all, who doesn’t love a little competition? 🥊

“CZ has the money, network, teams to build something like no other. Look at what he’s done with Binance. I hope this encourages HyperLiquid to level up as they’ll soon be outweighed by better competition,” he said.

HYPE Tests Key Levels

After a strong rally to $38.16, HYPE is now cooling off like a hot pie on a windowsill, trading around $35.01. It’s stuck just below a key resistance at $35.91, based on those fancy Fibonacci levels. If HYPE can break above $35.91, it might just regain its bullish momentum. The next resistance is near $38, and if that’s cleared, we could be looking at a new all-time high. 🚀

But, oh dear! If it fails to break above $35.91, it could tumble down to support levels around $34.32 or $33.42. And if the price falls below $30.75, it might just signal the end of the current uptrend, leading to a bigger drop towards $22.92. Now that’s a rollercoaster ride I wouldn’t want to miss! 🎢

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2025-06-09 11:25