Hyperliquid Faces $12 Billion Token Challenge

A $12 billion crypto bomb is about to drop on Hyperliquid. The exchange just rolled out its own

stablecoin, USDH, to boost its trading ecosystem. They’re trying to

build hype by backing it with cash and even locking up their own tokens. But here’s the drama.

Their biggest rival, Aster, which is backed by Binance founder CZ’s family office,

just dethroned them in weekly trading volume. As if that wasn't enough,

Hyperliquid's own token, HYPE, is already down over 20%.

Starting in November, a massive $12 billion worth of HYPE tokens will be gradually unlocked over two

years. With a flood of new tokens potentially hitting the market, the launch of a