Hype Listed on Binance After Record Open Interest Milestone

Hype (HYPE) has gained wider market access after Binance listed the token, following Hyperliquid's record $18 billion open interest milestone this week. The exchange launched HYPE/USDT, HYPE/USDC, and HYPE/TRY spot trading pairs on September 24th. Deposits opened alongside trading, with withdrawals scheduled to follow 24 hours later.

Binance attached its Seed Tag to HYPE, reflecting the higher volatility and risks associated with newer listed assets. Despite this, the listing has broadened HYPE's reach beyond an ecosystem where the protocol had already attracted significant derivatives activity.

Large holders have been accumulating HYPE before and around the Binance listing, confirming the demand supporting its recent price growth. According to Lookonchain, the Hyperliquid Strategies-linked wallet bought another 494,200 HYPE, worth approximately $45.8 million, within 16 hours.