HYPE price rises as Paxos taps Hyperliquid, Plume, and Aptos for the USDGO stablecoin

  • HYPE rises as USDGO launches on Hyperliquid, Plume, and Aptos.
  • Whale activity and token unlock drive short-term market momentum.
  • HYPE’s key support level lies at $28.98, while immediate resistance levels lie at $35.03 and $39.87.

Hyperliquid (HYPE) has seen a notable uptick in its trading performance, driven in part by the announcement that Paxos has selected the platform, alongside Plume and Aptos, as primary launch networks for its USDGO stablecoin.

At press time, the HYPE token was up 3.3% over the past 24 hours, outperforming the overall crypto market’s modest increase of 0.49%.

Paxos rolls out USDGO across key networks

According to a recent press release, Plume, Hyperliquid, and Aptos have been selected as the initial deployment networks for USDGO, reflecting their rapid growth and strategic relevance.

Plume, with over 280,000 active real-world asset holders and $645 million in RWA TVL, serves as a distribution hub for compliant liquidity.

Hyperliquid, on the other hand, will integrate USDGO into its perpetual trading and lending markets, enhancing collateral rails and yield-aligned trading opportunities.

Furthermore, Aptos will become the first network to deploy a Move-native OFT stablecoin, positioning enterprise-focused applications to leverage regulated, high-throughput liquidity.

Paxos’ USDGO stablecoin, an omnichain extension of its regulated USDG, is designed to provide fully backed, compliant liquidity across multiple blockchain networks.

Leveraging LayerZero’s omnichain-fungible token (OFT) standard, USDGO allows seamless cross-chain transfers while maintaining a 1:1 backing with cash, short-term US Treasuries, and cash equivalents.

Notably, the integration of USDGO across these networks is supported by the USDGO Portal, cross-chain APIs, and unified supply mechanics, enabling smooth swaps and reducing the risks associated with fragmented bridge mechanisms.

Early adoption within these specialised domains is expected to set the stage for broader multi-chain growth.

Whale activity and token unlock stir market dynamics

Hyperliquid has also been in the spotlight ahead of a significant HYPE token unlock valued at approximately $314–$316 million, representing about 2.66–3.6% of the total supply.

Scheduled for November 29, the cliff unlock is drawing attention across crypto communities, prompting discussion over potential sell pressure and market impact.

Despite this, whales are accumulating HYPE, which has bolstered investor confidence.

A prominent whale increased a $44.5 million ETH long, reflecting confidence in broader market conditions and the potential for leveraged gains to spill over into HYPE trading volumes.

HYPE price targets and outlook

Technical analysis highlights critical levels that HYPE traders should watch in the coming days.

For HYPE to maintain upward momentum, it must stay above $28.98, with the first major resistance at $35.03.

If HYPE breaks past $35.03, analysts note that it could rise toward $39.87, with a third resistance at $43.82.

Notably, options data suggest limited downside near $28, providing a degree of confidence ahead of the token unlock.

However, a failure to hold the $28.98 support, especially following the upcoming token unlock, may see prices dip to the next key support around $25.85.

The post HYPE price rises as Paxos taps Hyperliquid, Plume, and Aptos for the USDGO stablecoin appeared first on CoinJournal.

Altcoins today: Monad rallies 60%; PONKE and QUICK plunge on Binance delisting

  • Monad maintains a bullish momentum after a strong mainnet launch and ecosystem integrations.
  • Binance Futures will delist PONKE, SWELL, and QUICK on November 28.
  • The three altcoins brace for intensified volatility in the coming few sessions.

The digital currency market is performing relatively well on Tuesday, with the value of all cryptocurrencies testing the $3 trillion mark after 2% surge in the past 24 hours.

Meanwhile, analysts are now forecasting substantial rebounds after today’s US PPI indicated cooling inflation and chances of the Fed lowering interest rates during the December meeting.

This article evaluates three tokens that remained in the limelight over the past 24 hours.

New Monad steals the show

The Layer 1 Monad has been in the spotlight amid its highly anticipated mainnet and token release, which happened yesterday, on November 24.

Meanwhile, native token MON has surprised analysts and traders.

Experts had forecasted bearish performance for the new token, citing previous trends and broader market weakness.

Indeed, most projects suffer immense selling pressure after official launches as the community locks profits after giveaways/airdrops.

However, the story is different for MON. The alt saw a brief decline after launch, hitting an intraday low of $0.02252.

However, continued excitement as leading projects like PancakeSwap and Solana revived optimism on the project, catalysing notable bounce-backs overnight.

The asset is now exchanging hands at $0.03931 after an over 60% gain on the 24-hour timeframe.

MON’s daily trading volume has skyrocketed by more than 4,700% to $1.11 billion.

That signals robust interest in the $424 million market-cap project.

Though the L1 sector could appear saturated, Monad’s EVM-compatibility perks and transaction settlement of up to 10,000 TPS (transactions per second).

Indeed, this developer familiarity and massive throughput positioned MON as a technically promising new player in the Layer 1 landscape.

Binance to delist PONKE, QUICK, and SWELL contracts

While the Monad community buzzed with optimism, Binance Futures rattled the altcoin space with a crucial announcement.

The team took it to X to confirm removing perpetual contracts of PONKE, QUICK, and SWELL on Friday, November 28, adding:

“The contracts will be delisted after the settlement is complete.

As anticipated, the mentioned tokens turned bearish after the announcement.

The trio plunged by over 5% in the past day.

While they are displaying resilience, possibly due to prevailing improved broader sentiments, the next few sessions, until November 28, look poised for overwhelming volatility.

The team warned about intensified fluctuations, thinned liquidity, and increased liquidation risks during the final hour before the last settlement. They said:

Users are strongly advised to actively monitor and manage open positions during the final hour, as the period may be subject to heightened volatility and reduced liquidity.

Meanwhile, Binance has urged users with active positions to close them before the listing time, Friday at 09:00 UTC, or face automatic settlement.

Moreover, individuals will no longer open new positions on the three contracts starting November 28 at 08:30 UTC.

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