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$5.45M in 24-hour volume seen in HYPE token options on Derive platform

Technical Signals
07 Nov 2026, 00:28 WIB
Tokenpost
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Neutral
$5.45M in 24-hour volume seen in HYPE token options on Derive platform

The seven most-traded options contracts for Hyperliquid's HYPE token all occurred on the Derive platform, reaching a combined notional volume of $5.45 million within 24 hours. Derive specializes in cryptocurrency derivatives like options, but the data does not clarify whether traders were speculating on HYPE's price or hedging existing positions. This surge follows previous HYPE options activity ahead of the October 9 expiry, highlighting active interest but not revealing traders' exact strategies.

Following the surge in HYPE options trading on Derive, the HYPE token itself is trading at Rp1.420.089 on Pluang as of Nov 07, 2026 05:41 WIB, showing a modest 0.90% increase over the past day. The token's market cap stands at Rp359,99 trillion with a 24-hour trading volume of Rp18,12 trillion. On Pluang, buyers dominate with 69% of order activity, and the typical hold time is 38 days, indicating steady investor interest.

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