TRADEXYZ JUST SPENT ABOUT ONE MONTH OF INCOME BUYING $HYPE đšđđ°
TradeXYZ is a market builder on Hyperliquid. 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 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). đŠ
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 â TradeXYZ keeps its builder cut â that cash buys HYPE â HYPE pays for the next markets. đ
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. đ§
Are you bullish on $HYPE if so why?? đ
#HYPE #Hyperliquid #Crypto #Binance
TradeXYZ is a market builder on Hyperliquid. 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 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). đŠ
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 â TradeXYZ keeps its builder cut â that cash buys HYPE â HYPE pays for the next markets. đ
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. đ§
Are you bullish on $HYPE if so why?? đ
#HYPE #Hyperliquid #Crypto #Binance