Hyperliquid launches CASHCAT perpetuals with up to 3x leverage
The Robinhood Chain meme coin became Hyperliquid’s first new token contract listing in nearly three months, and a top-performing whale soon opened a 3x short on 1.85 million CASHCAT.
TON
HYPE
Fact Check
The official @HyperliquidX post directly confirms CASHCAT perps with up to 3x leverage were launched by community request. BlockBeats flash 355587 confirms this was Hyperliquid's first new crypto contract in nearly three months (since CHIP on April 22). BlockBeats flash 355613 confirms a top-performing whale ($97.2M historical profit) opened a 3x short on 1.85 million CASHCAT on launch day. All three components of the claim are independently corroborated by an official source plus primary reporting.
Summary
Hyperliquid on July 11 listed perpetual-style contract trading for CASHCAT, a meme coin on Robinhood Chain, with leverage of up to 3x, marking its first new crypto token contract listing since CHIP on April 22. Soon after the launch, a wallet identified by Onchain Lens as a top-performing Hyperliquid trader opened a 3x short position on 1.85 million CASHCAT; BlockBeats reported the wallet has cumulative historical profit of $97.2 million and the position was showing a $17,900 floating gain. The TON rebrand to GRAM was not counted as a new listing.
Terms & Concepts
- perpetual contract: A crypto derivative that tracks an asset’s price without expiry, allowing traders to take leveraged long or short positions without holding the token directly.
- 3x short: A leveraged bet that an asset’s price will fall, with exposure equal to three times the trader’s margin.
- floating profit: An unrealized gain on an open position based on current market prices.