HYPE is trading at $45.17 on Monday, up roughly 5% over the past 24 hours and 69% over the past year, according to CoinGecko data. The divergence is tied to Hyperliquid's HIP-3 marketplace, where traders are betting on pre-IPO shares of SpaceX, Anthropic, and OpenAI, a $120 billion volume opportunity that traditional finance cannot offer. The HIP-3 framework, which allows third-party teams to launch their own perpetual futures markets, has processed more than $120 billion in total volume since launch, accor ...