Upbit Opens HYPE Trading in 3 Markets, With Trading Starting at 06:00 UTC

Key Facts

Upbit opened trading in HYPE markets against the Korean won, bitcoin and USDT at 06:00 UTC on November 10, 2026, according to a report published the same day citing data from the platform’s notice. The listing gives traders on the South Korean exchange access to the token through 3 different pairs. The platform imposed initial order restrictions when trading began, barring buy orders for about 5 minutes. It also limited accepted order types to limit orders for about two hours. The listing came as the token was declining based on daily closes recorded before the session.

Upbit data showed HYPE traded between 94,100 and 102,000 Korean won on the listing day. At 13:40 Korea time, the report cited a reference price of 99,608 won, versus a reference previous close of 102,048 won. The reference price in the table was 74.03 USDT, compared with a previous close of 75.81 USDT. In a global snapshot at 13:45 UTC, the token was priced at 73.42 dollars, down 2.01% from 74.93 dollars when Upbit markets opened. These figures track price movements during the listing session and do not, by themselves, measure trading volume on the platform.

EL7 daily closing data showed HYPE falling from 85.10 dollars on November 3 to 75.19 dollars on November 9, 2026. The decline in daily closes therefore preceded Upbit’s listing session. By comparison, a snapshot on the listing day showed a global price of 73.42 dollars at 13:45 UTC, after the platform’s markets opened at 74.93 dollars. These readings place the token’s session performance within a broader trend that began before the listing, with differences in timing and price measure between the daily close and the intraday snapshot. The listing alone did not establish that new demand had emerged or that it directly caused the price movement.

The report describes HYPE as the Hyperliquid layer-1 network’s token, used to pay gas fees and secure the network through staking. A filing by Hyperion DeFi with the U.S. Securities and Exchange Commission said circulating supply stood at about 258 million tokens on February 28, 2026. The filing said about 238 million tokens were due to core contributors under a multi-year vesting schedule that began on November 29, 2025. It also said initial supply was set at 1 billion tokens, then declined to about 959 million by February 28, 2026, after Assistance Fund purchases that were counted as permanently burned. The company warned that increased supply from vesting could pressure the price if demand did not rise in proportion.