Traders rushed into Tesla-linked crypto markets overnight after Elon Musk unveiled a flying version of the Roadster, with trading on Hyperliquid jumping while U.S. stock markets were closed.
The surge shows how crypto exchanges that never close are becoming the first place investors react to news about traditional companies.
Musk demonstrated the prototype, which uses SpaceX thruster technology, on Oct. 15, after Tesla shares closed at $362.44. Hyperliquid’s TSLA perpetual contract rose about 4.9% to roughly $378, and hourly trading volume leapt about 1,580%, from $2.8 million to $47 million.
It is already the contract’s second-busiest day since listing a year ago, with the daily candle…
