BackedFi used 500 HYPE to purchase the SPCXx spot code, according to a post by HyperliquidNews on X cited by Odaily. The post put the value of the transaction at about $26,300. No additional details were provided in the source about the trade’s background, execution, or any follow-up plans. The update was published as a brief market item, with the disclosed figures limited to the amount of HYPE used and the stated dollar value. As presented in the source, the announcement only identified BackedFi, HyperliquidNews, HYPE, and SPCXx, and did not include extra context beyond the purchase itself.
BackedFi bought the SPCXx spot code with 500 HYPE, according to a post by HyperliquidNews on X cited by Odaily.
The post said the transaction was worth about $26,300.
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