Bearish Narratives Ease But Crypto Still Struggles to Attract Buyers, SpaceX Does Over $1B of Volume on Hyperliquid
Jun 12, 2026
Strong Traction on Hyperliquid’s SPCX Market: One of the more notable developments today was HYPE starting to outperform again following strong traction on its pre-IPO SpaceX market. Trading activity for this market exceeded $1B in 24-hour volume as of mid-afternoon, much of which came prior to the SPCX listing on Nasdaq. While these volumes are not large enough to materially impact platform economics, they continue to reinforce the idea that tokenized and pre-IPO equity markets represent a differentiated produ...