Binance Listing Sparks Institutional Interest in Hyperliquid's HYPE Token

Binance's listing of Hyperliquid's HYPE token has brought significant attention to the project. The exchange announced that it would list HYPE and open spot trading for three pairs, including HYPE/USDT, HYPE/USDC, and HYPE/TRY at 11:00 UTC on September 24, 2026.

The listing comes as Hyperliquid continues to attract institutional interest. Lion Group Holding, listed on Nasdaq as LGHL, has reaffirmed its commitment to HYPE, stating that it has not sold any of its tokens since acquiring its stake. The company currently holds approximately 195,000 HYPE tokens, worth around $18.2 million.

Hyperliquid has also been actively burning HYPE tokens, with the latest burn totaling $3.26 million within a 24-hour period. This brings the total amount of HYPE burned by Hyperliquid to 48.89 million tokens, equivalent to about 4.89% of the token's total supply.