●• Machi Big Brother increases exposure while analysts eye Nov 29 token unlock dynamics
Hyperliquid has announced the activation of "Growth Mode," significantly reducing trading fees on all spot assets (XYZ) by 90%. The highest fee tier is now set below 0.009%, with taker fees for a new user trading $1,000 dropping to approximately 9 cents. This move aims to position the platform as a cost-effective venue for trading spot assets.
Simultaneously, the platform has converted its MON hyper-futures (pre-launch derivatives) into regular perpetual contracts. Traders can now long or short MON with up to 3x leverage. This transition coincides with high market activity, as observed by traders noting over $200 million in volume on Nasdaq perpetual contracts shortly after the market open.
Prominent on-chain analysts have observed significant positioning ahead of upcoming events. Machi Big Brother has reportedly added approximately $700,000 in USDC to Hyperliquid to maintain long positions in ETH and HYPE. Meanwhile, market commentators like aixbt are discussing the upcoming Hyperliquid unlock on November 29, suggesting a potential pattern of initial dumping followed by protocol buybacks.