Hyperliquid and Pepeto disrupt crypto with record trades and presale hype
Two major developments have shaken up the crypto markets this week. Hyperliquid launched its prediction markets on mainnet, while Pepeto, a new presale token, surged past $9.78 million in funding ahead of a Binance debut. Both projects are drawing attention for their low-cost access and high early returns. Hyperliquid went live with its HIP 4 outcome markets on May 2, 2026. The platform’s first contracts tracked daily Bitcoin price movements, attracting 6.05 million trades in the opening session alone. Total trading volume hit $6 million on day one.
Former BitMEX CEO Arthur Hayes weighed in, calling Hyperliquid’s HYPE token a strong rival to Polymarket. Unlike competitors, HYPE holders receive a direct share of platform revenue. Despite this, the token currently trades 30% below its September 2025 peak.
Meanwhile, Pepeto’s presale has gathered momentum, pulling in over $9.78 million before its Binance listing. Entry costs remain minimal—under $0.0000001868 per token—with a zero-fee bridge for moving funds between chains. Early stakers also earn a 176% annual yield while the presale runs. Every Pepeto contract passed a full audit by SolidProof before opening to investors.
Analysts note that Pepeto’s low barrier to entry and rapid funding could outpace HYPE’s slower recovery. The token’s presale phase offers a narrow window for investors before its exchange debut. Hyperliquid’s prediction markets have kicked off with strong demand, while Pepeto’s presale success highlights investor appetite for low-cost, high-reward tokens. Both projects now face their next tests—Hyperliquid in sustaining trading volumes and Pepeto in its transition to Binance trading.
