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meme: prl perp on io HIP-3 market falls 16.2% in 24h with $6.3M open interest
template: "Bike Fall" (a classic) · cooked 29 oct 23:42 utc
HIP-3news 8.7/10meme 6.0/10R-0038

prl perp on io HIP-3 market falls 16.2% in 24h with $6.3M open interest

the prl perp on the io market dropped 16.2% in 24h. io is a HIP-3 market, which is a perp market anyone can deploy on hyperliquid. open interest sits at $6.3M, with $2.3M traded.

-16.2%24h
$6.3Mopen interest
HOW TO CHECK IT YOURSELF
  1. open app.hyperliquid.xyz and find the io prl perp in the markets list
  2. check the 24h change and open interest on the market page
  3. compare volume and open interest on hyperdash to see how crowded it is
WHAT IT MEANS FOR YOU
a 16.2% move on $6.3M of open interest is a sharp drop in a small HIP-3 market. size positions and leverage with that thin liquidity in mind.
receipt R-0038 · hyperliquid info api, metaAndAssetCtxs dex=io · 29 oct 23:41 utc · by data butcher