TLDR
- Binance has once again hinted at a possible HYPE token listing on its platform.
- HYPE token price increased by 2% following Binance’s renewed promotional activity.
- Daily trading volume for HYPE surged 20% to reach 150 million dollars.
- Hyperliquid’s total value locked doubled in the past month due to increased user adoption.
- James Wynn criticized Hyperliquid for offering poor referral rewards despite high trading activity.
Binance has once again shared insights about Hyperliquid (HYPE), signaling a possible listing of its native token HYPE. The mention resulted in a 2% HYPE price increase, while trading volumes surged 20% to $150 million. Binance.US has now hinted twice within a week about launching spot trading for HYPE tokens.
The decentralized exchange has witnessed increased traction as it supports perpetual and spot trading using its own Layer 1 blockchain. Its network enables high-speed and low-cost transactions, which have contributed to a rapid surge in usage. The total value locked on the platform has doubled in the past month, strengthening its market standing.
Binance founder Changpeng Zhao remains at the center of speculation as users await official confirmation of a HYPE listing. Several market players expect Binance to act on the growing demand by allowing spot trading soon. However, no timeline or official listing date has been announced.
Hey @cz_binance does this mean Binance is about to list $HYPE spot soon? https://t.co/e7Qk1RGtJ0
— Arthur Hayes (@CryptoHayes) June 9, 2025
HYPE Token Sees Gains as Binance Mentions Fuel Market Buzz
The HYPE token responded positively to Binance’s promotion, climbing 2% amid growing anticipation of a major exchange listing. Trading volumes hit $150 million in 24 hours, reflecting increasing demand for the token. Market participants interpreted Binance’s statements as a strong signal of future support.
The mention highlighted Hyperliquid’s rapid growth and rising usage across the crypto sector in recent weeks. Its blockchain’s speed and efficiency have become key drivers of volume and new user onboarding. Users continue to migrate to the platform as they seek faster trading solutions and lower transaction costs.
Despite the token’s short-term gains, long-term sustainability remains tied to broader market support and platform upgrades. Binance’s promotion may help boost awareness, but a listing confirmation would likely drive further price action. Until then, HYPE remains speculative despite increasing activity.
James Wynn Criticizes Hyperliquid, Urges CZ to Build Rival DEX
Crypto trader James Wynn, known for large leveraged positions, criticized Hyperliquid’s referral rewards and user engagement. He claimed the platform ignored his proposal for collaboration, citing its decentralized nature as a limitation. Wynn said he earned $34,000 in referrals despite generating substantial volume and sign-ups.
He expressed dissatisfaction with the referral structure, stating that other platforms offer more competitive incentives and better partner support. Wynn used the moment to challenge Binance founder Zhao to launch a competing product. He suggested creating a “dark pool” DEX to improve transparency and eliminate manipulation risks.
Zhao responded by proposing a dark pool DEX to protect users from frontrunning and MEV-based liquidation threats. The suggestion followed Wynn’s recent liquidations, which raised concerns about open position visibility. The idea now fuels speculation about Binance’s potential entry into decentralized perpetual trading.
