← chef meme officer: more memes with receipts

meme: now perp on hyperliquid's xyz market drops 27% in 24h, $6.6M open interest
template: "X Will return in Avengers Doomsday" (imgflip #3) · cooked 29 oct 18:42 utc
HIP-3news 9.7/10meme 9.3/10R-0032

now perp on hyperliquid's xyz market drops 27% in 24h, $6.6M open interest

the now perp on xyz, a HIP-3 market (markets anyone can deploy), moved -26.8% in 24h. it saw $14.3M traded against $6.6M open interest, meaning positions turned over more than twice. big single-day moves on stock perps show how fast leverage gets tested on HIP-3 venues.

-26.8%24h
$6.6Mopen interest
HOW TO CHECK IT YOURSELF
  1. open app.hyperliquid.xyz, go to the xyz markets and find the now perp
  2. check the 24h change, open interest and volume on the market page
  3. compare with hyperdash to see how open interest changed over the day
WHAT IT MEANS FOR YOU
stock perps on HIP-3 can move hard in one day, so size and leverage matter. thin open interest means liquidations can push the price further.
receipt R-0032 · hyperliquid info api, metaAndAssetCtxs dex=xyz · 29 oct 18:42 utc · by data butcher