Hyperliquid’s HYPE token rallied 7% over 24 hours after Trade.xyz launched the first pre-IPO perpetual market on the platform, offering synthetic exposure to SpaceX at a reference valuation of $1.78 trillion.
SpaceX Pre-IPO Launch Boosts HYPE Token
The launch of SpaceX’s pre-IPO on Hyperliquid has caused a stir in the market, with HYPE token experiencing a 7% surge in just 24 hours. This increase is particularly notable as it occurred despite declines in #Bitcoin. The pre-IPO perpetual market, launched by Trade.xyz, offers synthetic exposure to SpaceX at a staggering reference valuation of $1.78 trillion.
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