SpaceX Is Now the Most Popular Trade on Hyperliquid. That's Exactly Why I'm Buying HYPE.

Published June 22, 2026 · Category: Finance

Overview

On June 12, when Space Exploration Technologies (NASDAQ: SPCX), or SpaceX, launched, the perpetual futures tracking the stock's price did $1.4 billion of trading volume on Hyperliquid's (CRYPTO: HYPE) decentralized exchange. Those perpetuals, an increasingly popular type of financial derivative without an expiration date, made SpaceX the most-traded asset on Hyperliquid.

That volume is largely being interpreted as part of SpaceX's meme-stock narrative. Hyperliquid, however, is also a winner here thanks to the stock's popularity -- and SpaceX won't be the last asset that it benefits from.

Details

And that's exactly why I'm buying Hyperliquid via Hyperliquid Strategies (NASDAQ: PURR), a company that buys and holds the coin. Let's dive in and explore why this cryptocurrency is so exciting right now.

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Source

Originally published at www.fool.com.

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