SpaceX's Continuous Rise and This Coin's 53x Trading Volume Explosion: The Boundary Between Stocks and Crypto Has Collapsed

SpaceX's Continuous Rise and This Coin's 53x Trading Volume Explosion: The Boundary Between Stocks and Crypto Has Collapsed | Seo Dong-ju, Kim Dong-hwan, Park Sang-hyuk, Digital Asset Editor-in-Chief [Crypto PLUS]
Watch on YouTube ↗  |  June 17, 2026 at 03:01  |  30:00  |  3PRO TV (삼프로TV)
Speakers
Park Sang-hyuk — Editor
Kim Dong-hwan — CEO, Xangle

Summary

The panel discusses Hyperliquid's HYPE token surge to all-time highs, driven by a 5,285% volume explosion in SpaceX perpetual futures after record SpaceX share prices. Coinbase's major platform update, including AI trading and global perpetual integration, is seen as a potential disruptor to Binance. A CEO reveals he is waiting for a SpaceX pullback to enter. Macro concerns from BOJ tightening, Iran peace deal impacts on oil, and liquidity fears from mega IPOs create a confused risk-asset environment. The episode also warns about Polymarket's legal risks in Korea.

  • Hyperliquid (HYPE) hits all-time high fueled by SpaceX perpetual futures volume jumping 5,285% and a 97% fee-burn mechanism.
  • Anticipated listings of Anthropic and OpenAI perpetuals on Hyperliquid could sustain the platform's volume and HYPE burns.
  • Coinbase's system update unifies global perpetual futures liquidity and adds AI trading and stock trading, challenging Binance.
  • CEO Kim Dong-hwan finds SpaceX valuation hard to justify and is waiting for a 2-3 month pullback to buy.
  • SpaceX's mega IPO raises worries about liquidity being drained from existing risk assets like Bitcoin and semiconductors.
  • BOJ rate hike and potential further tightening revive fears of yen carry trade unwind impacting global markets.
  • US-Iran peace talks pressure oil prices but market rate-cut expectations remain confused, creating macro uncertainty.
  • Polymarket usage surges during World Cup, but South Korean regulatory scrutiny warns users of legal risks.
Ideas
Park Sang-hyuk Editor 0:28
HYPE benefits from volume explosion and fee burn.
Hyperliquid's native token HYPE surged to a new all-time high, driven by an explosion in trading volume for SpaceX perpetual futures (SPCX) on its platform. After SpaceX's stock price broke out, the 24-hour volume for the SPCX perpetual on Hyperliquid jumped from an average of $26M pre-listing to $1.4B, a 5,285% increase. Since 97% of Hyperliquid platform fees are used to burn the HYPE token, the volume spike directly reduces supply and pushes the token price higher. Additionally, other mega IPOs like Anthropic and OpenAI are expected to list perpetual futures on Hyperliquid, creating a sustained catalyst for platform volume and further HYPE burns.
HYPE HIGH
Kim Dong-hwan CEO, Xangle 7:35
Waiting for SpaceX pullback before buying.
SpaceX's valuation has risen sharply despite being a loss-making company, making the current price hard to justify. The speaker is waiting for a correction before buying, ideally within 2-3 months. A pullback before possible Nasdaq index inclusion would be preferable, as a post-inclusion decline could drag the broader market, while a pre-inclusion drop would not impact the index and could offer a more attractive entry.
SPCX LOW
Park Sang-hyuk Editor 17:21
Coinbase super-app update disrupts derivatives dominance.
Coinbase's latest major system update introduces AI trading features, a global liquidity integration for perpetual futures, and a super-app strategy that also includes stock trading. By merging its global and US perpetual markets via its Deribit acquisition, Coinbase could challenge Binance's dominance in perpetual futures, attract users with competitive fees, and capture liquidity from crypto and traditional assets. This positioning accelerates the super-app vision and could materially improve Coinbase's market share and revenue outlook.
COIN MED
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This 3PRO TV (삼프로TV) video, published June 17, 2026, features Park Sang-hyuk, Kim Dong-hwan discussing HYPE, SPCX, COIN. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Park Sang-hyuk, Kim Dong-hwan  · Tickers: HYPE, SPCX, COIN