• HYPE reached an all-time high of $64.27 on May 24 before trading near $62.
• Trade.xyz’s SPCX pre-IPO perpetual on Hyperliquid moved from a $150 reference price to about $207.98.
• Coin Bureau said Hyperliquid is giving traders synthetic SpaceX exposure without IPO access or brokerage accounts.

Hyperliquid is moving deeper into traditional finance territory as traders use its markets to price SpaceX before the company’s expected Nasdaq debut. The latest data shows HYPE trading near record levels while SpaceX’s synthetic pre-IPO perpetual remains far above its launch reference price.

Notably, the move is no longer only about one token rally. Traders are now watching whether Hyperliquid can turn pre-IPO contracts, prediction-style markets, and real-world asset exposure into a larger on-chain trading business.

SpaceX Perp Drives New Demand

Trade.xyz’s SpaceX…

Read The Full Article Hyperliquid Hits All-Time High as SpaceX Pre-IPO Trading Gains Heat On Coin Edition.