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HYPE token jumps 13% as Binance halts withdrawals, shifting trading to Hyperliquid exchange.

02 Nov 2026, 20:01 WIB
CryptoTicker
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Bullish
HYPE token jumps 13% as Binance halts withdrawals, shifting trading to Hyperliquid exchange.

The HYPE token surged about 13% while major cryptocurrencies like Bitcoin and Ether fell, driven by Binance's temporary halt on deposits and withdrawals due to a security incident. This disruption pushed significant trading volume to the decentralized perpetual futures exchange Hyperliquid, where HYPE became the third-largest market by volume. The withdrawal pause highlights risks of centralized exchanges and emphasizes the importance of self-custody. Investors should monitor Binance's updates and consider the high funding costs and tax implications of leveraged positions on HYPE.

Despite the reported 13% surge in HYPE, on Pluang the token is down 4.51% with a price of Rp1.518.641 and a market cap of Rp385,48T. Binance Coin and Bitcoin also show declines, with BNB down 1.65% at Rp12.705.468 and BTC down 1.01% at Rp1.399.165.937. These figures are as of Nov 03, 2026 01:22 WIB.

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