Odaily Planet Daily reports that, according to Yujin monitoring, the Hyperliquid TG trading bot and copy-trading platform pvp.trade earned $8.68 million in commission fees. After Hyperliquid’s token launch, pvp.trade gradually used all its commissions to purchase HYPE, converting the $8.68 million in fees into 421,000 HYPE tokens at an average cost of $20.60, with the current value rising to $24.34 million. Yesterday, pvp.trade redeemed 400,000 HYPE tokens from staking, worth $22.8 million.
Hyperliquid Follow Trading Platform pvp.trade buys HYPE with $8.68M in fees, value rises to $24.34M
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Summary
pvp.trade, a Hyperliquid follow trading platform, earned $8.68 million in fees from token launch news. The platform converted all commissions into HYPE, purchasing 421,000 tokens at $20.60 each. The current value of HYPE stands at $24.34 million. On May 27, pvp.trade redeemed 400,000 staked HYPE tokens worth $22.8 million. This move underscores new token listings on Hyperliquid.
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