HYPE Traders Build $29.3 Million in Longs After Intercontinental Exchange News
Photo: TokenPost
Nine large accounts held about $29.3 million in HYPE long positions within roughly 30 minutes of news that Intercontinental Exchange plans a U.S. perpetual futures market based on Hyperliquid. Intercontinental Exchange is the parent of the New York Stock Exchange. The 12 accounts each opened or rebuilt a position valued at $1 million or more. Nine were long, with about $29.32 million in positions; three were short, with about $8.04 million. That left the group with about $21.27 million in net long exposure. Long positions were valued at 3.64 times the shorts, and long accounts outnumbered short accounts 3-to-1.
Source: TokenPost
