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Dec 26, 2024
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HYPE Jumps as Token Burn Counters $316M Unlock

Crypto traders love a simple story, and this week they got two at once: supply coming in and supply getting squeezed.

On one side, Hyperliquid’s HYPE moved higher even with a sizable token unlock hanging over the market. On the other, Jupiter’s JUP kept attracting bids after its community backed a plan to effectively freeze net new supply for the rest of 2026. CoinDesk summed up the setup neatly: HYPE jumped about 5% as traders shrugged off a roughly $316 million unlock, while JUP gained on a weekly basis thanks to a “supply freeze” narrative.

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Marketexchange

Active Member
Dec 26, 2024
102
0

Ripple Expands Into Stablecoin Infrastructure

Ripple is trying to change how the market thinks about it.

For years, the company was mostly framed through one lens: cross-border payments tied closely to XRP. But the latest move is broader. Ripple says it is turning Ripple Payments into an end-to-end stablecoin infrastructure platform for institutions, adding managed custody, virtual accounts, and unified fiat-plus-stablecoin rails. At the same time, the company says the platform has now processed more than $100 billion in total volume.

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