TRADEXYZ JUST SPENT ABOUT ONE MONTH OF INCOME BUYING $HYPE 🚨👀💰
@tradexyz is a market builder on @HyperliquidX. They open new trades people can buy and sell, like stocks and other real-world names.
When people trade those markets, TradeXYZ earns a builder fee (their cut of the trade fee).
@DefiLlama puts that cut at about $3.52M in the last 30 days.
@aixbt_agent say they used about $3.4M of that cash to buy HYPE with a TWAP (a slow buy split over hours, so they do not push the price in one shot). 📦
Why spend the fee income on $HYPE?
Opening a new market on Hyperliquid costs $HYPE. TradeXYZ has been using those coins to list the next names.
So the money path is one line:
traders pay fees → TradeXYZ keeps its builder cut → that cash buys $HYPE → $HYPE pays for the next markets. 🔄
Those coins sit in TradeXYZ's own account. They were not burned (permanently removed). They can still be spent on new listings, or sold later. 🧊
Are you bullish on HYPE if so why?? #BinanceSquareTalks #BİNANCE
@tradexyz is a market builder on @HyperliquidX. They open new trades people can buy and sell, like stocks and other real-world names.
When people trade those markets, TradeXYZ earns a builder fee (their cut of the trade fee).
@DefiLlama puts that cut at about $3.52M in the last 30 days.
@aixbt_agent say they used about $3.4M of that cash to buy HYPE with a TWAP (a slow buy split over hours, so they do not push the price in one shot). 📦
Why spend the fee income on $HYPE?
Opening a new market on Hyperliquid costs $HYPE. TradeXYZ has been using those coins to list the next names.
So the money path is one line:
traders pay fees → TradeXYZ keeps its builder cut → that cash buys $HYPE → $HYPE pays for the next markets. 🔄
Those coins sit in TradeXYZ's own account. They were not burned (permanently removed). They can still be spent on new listings, or sold later. 🧊
Are you bullish on HYPE if so why?? #BinanceSquareTalks #BİNANCE