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Altcoins & DeFi

Hyperliquid TSLA Trading Value Jumps 24-Fold After Roadster Reveal

Image: TokenPost

Trading in Hyperliquid’s TSLA contract surged after Tesla’s next-generation Roadster briefly lifted and turned in the air at a presentation, reaching $81.12 million over several hours, 24.3 times the prior comparable period. The contract climbed about 2.13%, from roughly $365.27 to $373.04. Its trading value over 24 hours reached $128 million. By the presentation’s start-to-current comparison, nominal open interest had grown 76.3%, adding $35.63 million to reach $82.33 million. That increase outpaced the contract’s 2.13% price gain. Long positions opened during the move came from at least three traders. Their current combined position value is about $3.98 million, with a weighted average entry price of roughly $367.33. One trader began opening a 20-times-leveraged long about 10 minutes after the news; the position is now worth about $1.85 million.

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