Hyperliquid: why HYPE is up 13 percent while Binance pauses withdrawals

The HYPE price stands at $89.42, around 13 percent above its level 24 hours ago, while bitcoin has lost 4.1 percent and ether 5.3 percent. The reason lies not in the token itself but in the trading venue behind it: Binance halted deposits and withdrawals overnight, and trading volume on the perpetuals exchange Hyperliquid has risen to $15.0 billion in 24 hours. This article sets out what is established, what remains open and what matters for you as an investor in Germany.