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Tesla-Linked Crypto Derivatives Volume Jumps 1,580% After Musk Reveals Flying Roadster Prototype

Tesla-Linked Crypto Derivatives Volume Jumps 1,580% After Musk Reveals Flying Roadster Prototype

  • After Elon Musk unveiled a flying Roadster prototype, the price of Tesla-linked perpetual futures on Hyperliquid rose about 4.9%.
  • Hourly trading volume in the perpetual futures jumped about 1,580% to $47 million from $2.8 million, marking the product’s second-busiest trading day since listing.
  • Twenty-four-hour trading volume in Tesla-linked products reached $279 million on Binance and $159 million on Hyperliquid, while open interest was highest on Hyperliquid at $99 million.

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Photo: ChatGPT-generated
Photo: ChatGPT-generated

Trading in Tesla-linked crypto derivatives surged while U.S. stock markets were closed after Tesla Chief Executive Officer Elon Musk unveiled a new Roadster prototype…

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