News · Yahoo Finance

Tesla's Flying Roadster Sends Hyperliquid Trading Volume Soaring 1,500%

After Elon Musk showed off a flying Roadster prototype, hourly trading volume in Hyperliquid's TSLA perpetual futures contract jumped from $2.8 million to $47 million, an increase of about 1,580%. The contract rose about 3.7% to roughly $374, tracks Tesla's share price without conferring ownership, settles in USDC and allows leverage of up to 20 times. Binance still had higher 24-hour volume at $279 million versus $159 million on Hyperliquid, while Hyperliquid had the highest open interest at $99 million. Tesla shares closed at $362.44, down about 1.3%, after rising as much as 12% in premarket trading, and the company reports third-quarter results on October 21. Tesla also held 11,509 BTC in the second quarter, recording a $112 million after-tax loss as bitcoin fell about 14%.

Summary written by Upside AI from the original article. Read the source for full details.

Original headline: Tesla’s Flying Roadster Sends Hyperliquid Trading Volume Soaring 1,500%

Read the original on Yahoo Finance ↗

Related tickers and likely impact

HYPE/USDT

▲ Likely positive

Hyperliquid

Relevance: medium

MarketCrypto
ExchangeBinance
SectorLayer 1
Market cap$17.5B
Close on 10/15/202681.81
Change that session+1.15%
HYPE/USDT price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

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