TradeXYZ deposited $15M USDC and purchased 136K HYPE ($10.9M) on Hyperliquid, positioning to launch a HIP-4 DEX.
DeFi & Yields ·
TradeXYZ has deposited $15M in USDC to Hyperliquid and purchased 136K HYPE tokens valued at $10.9M over a three-hour span, with ongoing acquisitions of the remaining capital. According to on-chain data, the entity continues to accumulate HYPE.
The purchase aligns with TradeXYZ's stated plans to launch a decentralized exchange via the HIP-4 protocol. TradeXYZ already holds 350K HYPE tokens and has been testing HIP-4 functionality on testnet. The new purchase of 136K HYPE would bring total holdings to approximately 500K, a threshold cited as necessary for launching a HIP-4 DEX.
The timing and scale of the deposit suggest imminent execution of the DEX launch, though an official announcement or confirmation of the exact launch date has not been provided.