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Hyperliquid’s Record-Breaking $21B Volume Fueled by Trump Memecoins

In a stunning turn of events, Hyperliquid has posted an astronomical $21 billion in 24-hour trading volume, largely driven by the meteoric rise of the TRUMP and MELANIA memecoins on Solana. Could this be the start of a new crypto paradigm? The implications are...

In an astonishing weekend for the crypto world, the presidential power couple Donald and Melania Trump have triggered shockwaves by each launching their own Solana-based memecoins. The TRUMP and MELANIA tokens rapidly ascended to multi-billion dollar market caps, not only electrifying the Solana ecosystem but also propelling the Hyperliquid trading platform to new heights.

Hyperliquid Seizes the Trump Memecoin Momentum

Sensing the immense opportunity, Hyperliquid swiftly listed perpetual futures markets for both TRUMP and MELANIA tokens within hours of their respective launches. The TRUMP market offered up to 10x leverage, while MELANIA futures allowed 3x leverage. This bold move paid off in spectacular fashion.

Shattering Records with $21 Billion Volume

The presidential memecoins ignited a trading frenzy on Hyperliquid, catapulting the platform’s 24-hour volume to an astounding $21 billion – an unprecedented feat in its history. Remarkably, Hyperliquid captured 11.75% of the total volume across all TRUMP perpetual markets, standing toe-to-toe with major centralized exchanges.

New ATHs reached today include: + 24h volume: $21B + Open interest: $4.7B + 24h protocol revenue (fees + HLP): $9.5M

– Hyperliquid (@HyperliquidX) January 20, 2025

Protocol Revenue and Staking Surge

The explosive trading activity translated into a windfall for the Hyperliquid protocol, generating $9.5 million in revenue from trading fees and HLP token rewards over the 24-hour period. Moreover, the platform’s staking program, launched in December, has already attracted 426 million HYPE tokens, underlining the community’s long-term confidence.

As of January 2025, Hyperliquid has emerged as a leading venue for trading high-profile memecoins and a major player in the perpetual futures market.

The Trump Effect: Memecoins Revival?

The Trump family’s foray into memecoins has reignited discussions about the role and potential of these tokens in the broader crypto ecosystem. While some dismiss them as mere speculation, others argue that high-profile endorsements like these could bring mainstream attention and adoption.

  • Memecoins have a history of generating immense hype and trading volume
  • Celebrity involvement can accelerate memecoin popularity and mainstream recognition
  • Platforms like Hyperliquid enable accessible memecoin trading with leverage

Key Takeaways

  • Hyperliquid achieved record-breaking volume of $21B in 24 hours
  • TRUMP and MELANIA memecoins fueled the platform’s explosive growth
  • Protocol generated $9.5M in revenue, reflecting immense trading activity
  • Trump family’s crypto ventures sparked renewed interest in memecoins

As the crypto space continues to evolve at a breakneck pace, events like the Trump memecoin saga and Hyperliquid’s subsequent volume records serve as powerful reminders of the market’s dynamism and unpredictability. While the long-term implications remain to be seen, one thing is certain: the intersection of celebrity, politics, and crypto is poised to generate more surprises and seismic shifts in the years to come.

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