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HomeCryptoWhy does the price of the hyperliquid draw 17%?

Why does the price of the hyperliquid draw 17%?

The hyperliquid (hype) has again impressed today by a sharp increase of 17%. This makes media threshing one of the best performance tokens for the last 24 hours of the top 100.

The increase in prices seems to be linked to the increase in the activity of the principal Cryptographic influencerswhich bet massively on Bitcoin and Ethereum with a lever effect (borrowed silver) in the hyperliquid. In the process, other grown -ups could soon emerge news A media beateering of the favor del.

Stable cryptocurrencies, more and more popular among banks

Stable cryptocurrencies, more and more popular among banks

What is hyperliquid?

The hyperliquid is a decentralized bag (DEX) built on a layer 1 of the owner of the blockchain. Users can speculate with the price of a currency on this platform with perpetual term contracts. To do this, it is not necessary to have the currency itself and there is no expiration date.

The platform was developed by a training team in Harvard, Caltech, MIT, Citadel and other universities. They started as market creators and went to DEFI to meet the limits of existing platforms.

Use a dedicated, hyperbft system to record all transactions directly and completely in the blockchain. In addition, the hyperliquid is completely finally and actively listens to its community, which has made its currency THRESHING (The token associated with the platform) has been very popular for a short period.

Hype quote broke your record

When writing these lines, the price increased by more than 17% in one day. This places the price less than $ 41, which is a new historic maximum.

Fuente: Co Ringecko

If we are expanding the image, we see that the media threw has increased the huge 65% in the last 30 days. What is behind this gigantic ascent?

Stable cryptocurrencies, more and more popular among banks

Stable cryptocurrencies, more and more popular among banks

Andrew tate hyperliquid

One of the reasons is the influencer of recent cryptography and known Andrew Tate. According to Coinspeaker, tate common A snapshot of its long position in Ethereum (25x lever) on the hyperliquid platform on June 10. Tate would have a gain of 138% due to the recent increase in the price of ETH (7%).

After the crypto operator James Wynn has invested $ 1 billion in Bitcoin in Hyperliquid last month, Tate published his long bet of $ 100 million in Bitcoin on Sunday (June 7). Since then, the BTC price has increased by more than 4% and now cites $ 109,000. The two tweets have been erased since then.

Fuente: Andrew Tate – X

Does the good news for the beaten media arrive?

In addition, the Binance cryptocurrency bag has also fueled speculation on the price of media threshing on its platform. For example, the platform shared the following message in X:

The platform seems to warm users sharing important data on the decentralized negotiation platform. The price has already heated, because it is always shot down by the clouds at the moment.

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