Key Insights
- OKX officially listed Hyperliquid’s HYPE token for spot trading, marking a key expansion of the exchange’s crypto portfolio.
- HYPE traded near $41.23 with RSI at 39.73, suggesting oversold conditions and limited short-term downside potential.
- Hyperliquid’s TVL surged to $4.899 billion, highlighting consistent growth and increased user trust across DeFi platforms.
OKX has confirmed the listing of Hyperliquid’s native token, HYPE, on its trading platform. The listing aims to broaden access for users while reinforcing OKX’s focus on expanding digital asset offerings. HYPE deposits opened at 7:30 AM UTC on November 3, 2025, allowing users to fund their accounts before trading began.
The pre-open session ran from 1:30 PM to 2:30 PM UTC, followed by the official launch of the HYPE/USDT pair at 2:30 PM UTC. Withdrawals are scheduled to start at 2:00 AM UTC on November 4, 2025, ensuring a smooth transition for traders following the listing.
Price Performance Reflects Market Pressure
Hyperliquid’s token price saw a mild decline of around 2% over the last 24 hours, reflecting the broader weakness across the crypto market. Despite the short-term dip, traders remain optimistic due to the OKX listing, viewing it as a potential catalyst for renewed momentum.
At the time of reporting, HYPE traded near $41.23, showing a marginal gain of 0.05%. The Relative Strength Index (RSI) was at 39.73, suggesting that the token was nearing oversold territory.
Technical Indicators Point to Short-Term Weakness
Technical data from TradingView showed the Moving Average Convergence Divergence (MACD) in the negative zone, with the MACD line positioned below the signal line. This trend indicates ongoing bearish sentiment in the near term.
Nevertheless, HYPE has managed to maintain support above the $40 mark. Analysts note that holding this level could pave the way for potential price movements toward $45 and possibly $50 if buying pressure increases.
Hyperliquid’s total value locked (TVL) reached approximately $4.899 billion, marking a strong presence in the decentralized finance space. Data from DefiLlama revealed consistent growth in TVL throughout the past year, with a sharp rise between July and October 2025. This increase underscores growing user confidence in the platform and its expanding role within DeFi markets.
