Hyperlend's first-day FDV narrowly surpasses $20 million, with four mentioned accounts earning $8,200 in profits
According to monitoring by PolyBeats, on the prediction market Polymarket, several accounts that previously bet on "Hyperlend FDV exceeding 20 million USD on the opening day" have collectively profited 8,200 USD, and this market has now been settled as "Yes".
Based on the token price reference, there are suspicions that this settlement process involved market manipulation led by the prediction market. According to the market rules, if the FDV at 4:00 PM the day after the token launch exceeds 20 million USD, the outcome is settled as "Yes". With a total supply of 1 billion $HPL tokens, this means that at the snapshot moment of 4:00 PM Eastern Time, the token price must be higher than 0.02 USD.
HPL was launched on February 27th Eastern Time, and from the first 5 minutes after opening until 3:57 PM on the 28th, its price remained below 0.02 USD. However, in just two minutes starting from 3:58, the price suddenly surged from 0.017 USD to 0.0201 USD (an 18% increase in 2 minutes), precisely crossing the 4:00 PM settlement threshold and resulting in a "Yes" outcome.
It is worth noting that if the initial 5-minute matching period before the token launch is excluded, this "buzzer-beater" price of 0.0201 USD is the highest price HPL has ever reached. After fulfilling Polymarket's settlement condition, HPL dropped to as low as 0.012 USD, a decrease of 41%.
---------------------------------
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A certain exchange: 30-day correlation between bitcoin and gold turns negative again
BMO Capital raises Nucor Steel's target price to $196
Strike officially launches bitcoin-collateralized credit line service
