Over the last few weeks I have been bleating on about Hyperliquid and its rise to power in the crypto sphere. Now the reason it has gotten so large is that it offers perps on memecoins. Now if you thought memecoin trading was mad on Sol and you add a Futures contract in the mix then you have memecoins on steroids. The thing about Hyperliquid is that it costs alot of money for these memecoins to get on Hyperliquid. First they have to launch in the trenches and make their way out of the dark hole just like Bruce Wayne in Batman when he was stuck in that cave city. Now the token then has to buy its ticker and many have been going for over $400,000 which creates a barrier for entry for the scammers and rug pullers. Now I started exploring the trenches and had some success but ultimately 100's of tokens launch per week and it is hard to call which ones will do well and which ones won't. So after a number of winners and an even larger number of losses I thought to myself, why the hassle. Why not just buy the tokens when they do launch on Hyperliquid. Why take the risk? Now some of these guys in the trenches are absolute degenerates, It is like the streets in there. But if they hit the right token then you are talking making crazy money. But it is like winning the lotto. My dad plays the lotto every week but wins F all. It is basically gambling and wondering whether the Dev who made the coin is a decent individual but many are not.
I had a look at the Futures market but I am used to Binance Futures and no matter how well you do , there is always some token that will liquify your ass even if you are just 3x. I had a try with a couple of good tokens on there but I was liquidated within a week. I didn't go with much here because I had foreseen my folly. But the gains that these tokens are making are pretty much crazy even on spot so why take the risk so I landed in the spot market on Hyperliquid. And guess what. I started making money. So I started trading a new launch coin called $LIQD which is pretty much the new pump.fun of Hyperliquid. The current trench coin is called Hyperfun and its currently trading at over $230 last time I looked. $LIQD is under a cent so I just threw a couple of hundred into this and hey pressto. It rocketed. I then purchased $FLY and that rocketed too. I aim for high volume and very low priced tokens so I buy in the thousands. I set a target and I cash out when it hits it. The likes of $LIQD doubled after I cashed out but I am finding that these coins come down fairly lively so I get my entry back in a couple of days and repeat the process.
Strategy and Staking
So I made quite a few pound with this token and rumour has it that if you stake the Hyperliquids native token $hype on their chain then you will receive airdrops of new tokens. So 50% of my profits are going into buying and staking $HYPE. The airdrop idea is kind of like TIA airdropping $ALTLAYER. $HYPE is trading just over $22 at the moment. This is going to rocket very very soon as Hyperliquid expands. I think $100 is a conservative estimate in the medium term. $30 in the short term. At the moment on their EVM testnet it is trading at $5200 which is insane but not impossible. So I am staking as many as I can before it really explodes. They came out two days ago saying that stakers will be airdropped $ANIME and $GODS which is good to hear so the rumours are true.You also get a commission from the fees when you stake so this is another reason to stake. The ROI however is quite low at 3% per annum but it is not stopping people staking their $HYPE. As of today there is 426 million Hype now staked.
AI
You can see from their auction list what tickers have got sold so I wrote a little python script that alerts me over telegram when these tickers go live. Below are the most recent Auction list and the money that the ticker was sold for. So thanks to @bozz's post I keep these tickers in my Google Keep checklist and I tick off what has launched on spot.
As my capital increases I will divide up the trades so to diversify my portfolio. If there is a rug then at least I can contain this and move on with my other trades.
Referrals:
I quite like this.
In order to give out your referral you have to trade over $7000.00 in tokens. I hit this number so I now have a referral address for you all if you would like to try the exchange. You can click here to access Hyperliquid. You receive a 4% discount on trading fees. Remember the exchange only accepts USDC over the Arbitrum blockchain. Here are the steps to buying it on Binance.
- Sign up to Hyperliquid. I signed up with my email but you can sign up with another defi wallet such as metamask
- Your wallet address will show up on Hyperliquid. Top right hand corner. Copy this.
- In Binance or another exchange convert or trade any coin for USDC
- Select Withdraw to the Hyperliquid address.Make sure the withdrawal is through the Arbitrum One Blockchain
- Your USDC should be in your Perp Wallet in Hyperliquid in a couple of minutes.
- Now some people are confused by the. Just transfer your funds from perps to spot and away you go.
So if any of you want to try it out. Have a look into it. This is my biggest hope in crypto. Hyperliquid had $22 billion in daily trades during the Trump inauguration. It was the first exchange that offered perps for $TRUMP and people went mad for it. Hyperliquid is the place to be right now. Don't miss the start of the new wave of crypto money.
I think you're right. As it concerns memecoins they've been making waves. Thanks for your effort in putting this writing today.
Cheers @baby1
So we can trade memecoins on Hyperliquid? :D
Is there a easy way to convert Hive to USDC?
Best way is through Binance. There may be other ways through Hive but that is what I use anyway.
I just saw that we have a Swap.USDC on HE. Announced 5 days ago :D
No Liquidity though, but I could technically use that right? :D
That's crazy! I am glad that it is working out well for you and that you are enjoying using Google Keep. It's been game changing for me. I still don't understand enough about this to dip my toes in. I feel like I would lose a lot of money.
Just use my referral and throw in $20. Buy the token $FLY or $LIQD on the spot market . They are rock bottom prices w right now with huge potential . Under 1 cent. Watch them go up. Sell them when you hit $40. Wait until they drop again and buy more back.
I'll see what I can do...
Done, you just need to tell me when to sell now.
If you purchased FLY and LIQD . You are good for now . I’m on the same two so I’m let you know when I will sell . Now they could go much higher but I try to get in and out quick in the greens .