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![stevenyuntcap Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::780884633252683780.png) steven.hl [@stevenyuntcap](/creator/twitter/stevenyuntcap) on x 18.1K followers
Created: 2025-07-15 04:51:33 UTC

PUMP case study ~12 hours post TGE: HL is dominating both spot and perps activity. Two takeaways here:

1) Pre-launch and post-launch price discovery both happened on Hyperliquid.

2) This is proof that teams opting out of a day X HL spot listing is leaving money on the table.

![](https://pbs.twimg.com/media/Gv3uRlPbcAABp9I.jpg)

XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1944983150331093351/c:line.svg)

**Related Topics**
[money](/topic/money)
[listing](/topic/listing)
[hyperliquid](/topic/hyperliquid)
[happened](/topic/happened)
[perps](/topic/perps)
[tge](/topic/tge)

[Post Link](https://x.com/stevenyuntcap/status/1944983150331093351)