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Hyperliquid Launches WLFI-USD Pre-Release Contracts With 3x Leverage

Hyperliquid Launches WLFI-USD Pre-Release Contracts With 3x Leverage

WLFI token trading begins tomorrow on Hyperliquid, with pre-market prices surpassing $0.33 and a whale showing significant unrealized profits on leveraged positions.

HYPE

Fact Check
Multiple independent news sources and Hyperliquid's official social media directly confirm the launch of a WLFI-USD pre-release perpetual contract, referred to as a 'hyperp', specifically offering 3x leverage. There is no conflicting evidence.
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Summary

Hyperliquid confirmed that WLFI trading will officially start tomorrow. According to Onchain Lens, WLFI pre-market prices have already exceeded $0.33. A whale with a 3x leveraged WLFI long position currently holds an unrealized profit of $644,000, highlighting early speculative interest ahead of the token’s release.

Terms & Concepts
  • Pre-release Contracts: Derivative instruments that allow trading on a token before its official release, often with leverage options.
  • Leverage: The use of borrowed capital to increase the potential return of an investment; in this case, traders can use up to 3x leverage.
  • WLFI Token: A cryptocurrency token that has not yet been released but is tradable through Hyperliquid’s pre-release contracts.