Hyperliquid has launched a TRUMP perpetual contract, enabling traders to leverage positions with up to 3x leverage. TRUMP meme coin by U.S. President-elect Donald Trump operates on the Solana blockchain. This move aligns with the platform’s strategy to offer innovative trading solutions and cater to community demand. Despite the positive development, the native token HYPE saw an 8% decline in the past 24 hours.
Details of the TRUMP Perpetual Contract on Hyperliquid
On January 18, Hyperliquid announced on X the listing of the TRUMP perpetual contract, a move driven by community interest. The contract uses on-chain AMMs for Oracle pricing, ensuring a decentralized approach.
With up to 3x leverage, traders can speculate on its price movements and potential gains. However, the platform warns of risks, including low liquidity, high volatility, and increased liquidation potential.
TRUMP Coin Becomes the First to Hit $10 Billion in Market Cap
Donald Trump has officially launched the TRUMP m
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