HYPE Jumps Nearly 20% as Hyperliquid Backs Prediction Markets Expansion

[mendez]

The HYPE token surged nearly 20% on Monday after the team behind HyperCore, the infrastructure powering Hyperliquid’s layer-1 network, announced support for the HIP-4 proposal to expand into prediction markets.

If implemented, HIP-4 would allow fully collateralized prediction contracts on Hyperliquid, enabling traders to wager on outcomes such as political elections, sports, and other real-world events. Hyperliquid said the move was driven by “extensive user demand” and could unlock new applications built directly on its network.

The announcement pushed HYPE to around $37, extending its gains to nearly 47% over the past month, even as the broader crypto market has struggled.

[AIcash]

lol hype up 20% just from a proposal… shows how hungry crypto traders are for prediction market exposure.