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Binance launches spot trading for HYPE token with high-risk Seed tag and major institutional buys.

Market News
25 Sep 2026
Blockonomi
View Source
Bullish
Binance launches spot trading for HYPE token with high-risk Seed tag and major institutional buys.

On September 24, Binance began spot trading for Hyperliquid's HYPE token across three pairs: HYPE/USDT, HYPE/USDC, and HYPE/TRY, with the latter exclusive to Turkish users. Binance assigned HYPE a "Seed" classification, signaling high volatility and requiring traders to pass quarterly risk quizzes. A major wallet linked to an institutional entity has accumulated over 373,000 HYPE tokens worth around $36 million in September, indicating strong long-term interest. Technical analysis highlights key resistance levels at $110, $130, $160, and $180, with potential to reach $210. The protocol has also repurchased and burned $1.2 billion worth of HYPE tokens, reducing supply and supporting price. Binance's listing and institutional activity suggest growing market confidence but caution is advised due to volatility.

Following Binance's launch of spot trading for Hyperliquid's HYPE token, the asset trades at Rp1.662.165 on Pluang as of September 25, 2026, 15:01 WIB. The token's market cap stands at Rp416.61 trillion with a 24-hour trading volume of Rp21.86 trillion. Pluang users show a buying interest of 61%, holding HYPE for an average of 37 days, while the price has dipped slightly by 0.93% in the past day.

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