The SpaceX IPO Was Crypto’s Biggest Test Ever: Did It Pass?

SpaceX’s (NASDAQ:SPCX) IPO gave crypto its biggest real-world stress test yet, with Hyperliquid (CRYPTO: HYPE) generating $1.4 billion in SPCX trading volume on listing day. Perpetual Futures Passed The Test By Predicting Where SpaceX Would Open Hyperliquid’s SPCX perpetual futures traded within what became the stock’s first-day range for...
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Hyperliquid SPCX Volume Shows The Appeal And Risk Of Synthetic Markets

Hyperliquid’s SPCX perpetual market has become a useful counterpoint to the tokenized SpaceX allocation trouble: synthetic markets can move fast when physical delivery breaks, but they also come with a very different risk profile. TL;DR Hyperliquid-linked SPCX data shows heavy demand for synthetic SpaceX exposure. Synthetic perpetuals do not...
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