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Hyperliquid's LITE contract jumps 20.6% amid potential acquisition talks with MRVL.

Market News
29 Oct 2026, 10:32 WIB
Tokenpost
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Neutral
Hyperliquid's LITE contract jumps 20.6% amid potential acquisition talks with MRVL.

On October 29, Hyperliquid's LITE perpetual contract surged up to 20.6%, while MRVL's contract dropped as much as 10.9%, driven by news of potential acquisition talks between the two companies involved in AI and optical networking. Although no final agreement has been reached, an announcement could come as early as next week. The combined trading volume for both contracts reached approximately $37.37 million in the first hour after the news, reflecting strong market interest and increased open interest for both contracts. Investors are closely watching for developments that could impact the companies' valuations and market positions.

The Hyperliquid LITE contract's 20.6% surge stands out in market activity, providing context for this news on potential acquisition talks involving MRVL. For readers following cryptocurrency trends on Pluang, as of Oct 29, 2026 14:02 WIB, the breadth of 50 major cryptocurrencies shows 7 rising and 42 falling. Notable movers include GRT at Rp393 with a -4.55% change, VET at Rp111 down 4.49%, and COTI at Rp184 down 4.40%.

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