HYPER Token Surges on Upbit and Bithumb Listings, Sees $13.52M Shorts Liquidated Amid High Volatility

HYPERUSDT experienced heightened volatility following its July 10, 2025 listings on major Korean exchanges Upbit and Bithumb, which drove a surge in trading activity and a sharp price increase earlier in the day. The initial positive momentum, attributed to new exchange access and increased investor interest, was further amplified by significant liquidations of short positions totaling $13.52 million and adjustments to perpetual contract funding rates across multiple platforms. However, despite reaching intraday highs, HYPERUSDT's price on Binance declined by 14.54% over the last 24 hours, closing at $0.5188 from an open of $0.6071, likely reflecting profit-taking and market normalization after the initial surge. Current Binance data shows a 24-hour trading range between $0.4654 and $0.6899, with substantial trading volumes and a circulating supply of 175.2 million HYPER, indicating sustained but volatile market interest following the recent developments.