Crypto billionaire Arthur Hayes highlighted Hyperliquid (HYPE) spot listing hint by crypto exchange Binance on Monday. Hayes directly asked Changpeng “CZ” Zhao about HYPE listing by the crypto exchange, raising speculation after its U.S. arm listed HYPE.
Hyperliquid is a fully on-chain DEX for perpetual futures and spot trading. Interestingly, HYPE spiked to $45 briefly on Binance US.
Arthur Hayes Raised Speculation on Binance’s HYPE Listing
BitMEX co-founder Arthur Hayes, in an X post on June 9, asked CZ about Hyperliquid (HYPE) spot listing on Binance while reacting to a post by BinanceUS.
Hayes speculated whether the recent HYPE promotion signals an imminent listing by the world’s largest crypto exchange. Binance has a history of promoting crypto before listing or offering it in other products.
Notably, BinanceUS revealed a HYPE perpetual contract listing with up to 75x leverage on May 30. However, the crypto exchange has not announced a spot listing for Hyperliquid (HYPE) despite a high market cap and demand.
As per Binance, “Futures and spot token listings are not correlated. A token listed on Binance Futures does not guarantee that it will be listed on Binance Spot.”
Nevertheless, the post by Arthur Hayes and the recent listing by BinanceUS keep the speculation on spot HYPE listing on Binance high. Recently, Hayes predicted HYPE to hit $100.
HYPE Price Rally Resumes
HYPE price has rallied 6% in a week and nearly 43% in a month. The price is changing hands at $35 after a pullback. The 24-hour low and high were $34.79 and $36.26, respectively. Furthermore, the trading volume has increased by more than 20% in the last 24 hours, indicating a rise in interest among traders.
The recent listing by BinanceUS caused the price to hit $45. This indicates a giant demand for the crypto among investors in the United States.
Meanwhile, high-leverage trader James Wynn criticized Hyperliquid’s poor referral plan, warning about its downfall because of just better incentives from other platforms.
