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783 HYPE pops 7%, beating bitcoin declines, as SpaceX pre-IPO lands on Hyperliquid

CoinDesk
Shaurya Malwa @ CoinDesk · 05/18/2026 01:01 EDT

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.

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