HYPER Token Surges 94% Amid Exchange Risk Controls and Record 931M Trading Volume on Binance

HYPERUSDT experienced a sharp price increase in the last 24 hours, with the price on Binance rising 94.15% to $0.6075 from a 24-hour open of $0.3129. This surge is primarily attributed to heightened market volatility and significant trading activity following recent risk management actions, including auto-deleveraging (ADL) on Binance USDS-M Futures and adjustments to funding rates, leverage, and risk limits on Bybit and KuCoin. These exchange interventions were implemented after a notable price rally, which drew further attention and trading volume to the asset.

Current market data shows HYPERUSDT trading at $0.6075 on Binance with a 24-hour trading volume of 931.68 million HYPER (approximately 396.84 million USDT), reflecting substantial volatility and increased market participation. The circulating supply is reported at approximately 175.20 million HYPER, with a total supply of 1 billion tokens, and market capitalization estimates vary across platforms due to differing data sources and reporting methods.