HYPER Token Surges 370% Amid Perpetual Swap Launches and Funding Rate Shifts, Trading Volume Soars

HYPERUSDT experienced notable price volatility in the past 24 hours, primarily driven by a recent surge in trading activity and significant adjustments to perpetual contract funding rates on major exchanges. The asset saw a sharp price increase following a 370% rally on July 10, 2025, which led to exchanges such as KuCoin Futures and Bybit modifying their funding rate intervals to better align with spot prices, likely contributing to short-term price fluctuations. Additionally, the launch of HYPERUSDT perpetual swaps with high leverage on BitMEX further amplified trading interest and volatility. These developments, combined with profit-taking and varying market sentiment, have resulted in rapid price movements and heightened trading volumes.

As of the latest data from Binance, HYPERUSDT is trading at $0.5179, reflecting a 3.37% increase over the last 24 hours with a 24-hour open of $0.5010. The token continues to demonstrate high trading volumes and significant price swings, underscoring ongoing volatility and active market participation.