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Trade.xyz used 586.42 HYPE to acquire the MELI ticker symbol, but the launch of a stock perpetual contract remains speculative.
Trade.xyz acquired 586.42 tokens HYPE to acquire the ticker symbol MELI BlockBeats reported that November 2, according to official data, Trade.xyz used 586.42 HYPE(equivalent to approximately 50,365 USD) to acquire the MELI ticker symbol.MELI is the U.S. stock ticker symbol of Latin American e-commerce and fintech giant MercadoLibre. This move may indicate that Trade.xyz will soon launch its stock perpetual contract on Hyperliquid.
Original link https://m.theblockbeats.info/flash/375043
BlockBeats stated that November 2, according to official data, Trade.xyz used 586.42 HYPE to acquire the MELI ticker symbol.
The report converts 586.42 HYPE to approximately 50,365 USD。
The original article states that MELI is the U.S. stock ticker symbol of MercadoLibre.
The original article states that this move may indicate that Trade.xyz will soon launch its stock perpetual contract on Hyperliquid.
The following is analysis, separate from reported facts. Verify important claims independently.
Trade.xyz spent HYPE to acquire the MELI ticker symbol through an auction. The report further speculates that this may be related to launching Hyperliquid's MELI stock perpetual contract, but the original article did not provide a formal launch announcement.
If the relevant contract is subsequently launched,MELI may add a trading channel for Hyperliquid users; currently, only the auction activity can be confirmed.
Beginners should distinguish between the auction that has occurred and the unconfirmed product launch, and should not treat “may indicate” as a formal announcement.
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View glossary →A derivative contract with no expiration date, designed for continuous holding, whose funding rate mechanism helps keep its price close to that of the underlying asset.
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