Derive.xyz(@DeriveXYZ):Earlier this week, Multicoin unstaked a large amount of HYPE, introducing fresh volatility and speculation around the token. How did traders on Derive respond? HYPE traders are currently long July $75 calls, holding protection through July $45 - 60 puts, and positioned for more upside through September $100 and $110 calls.

Derive.xyz

@DeriveXYZ

Derive (prev. Lyra) | The Leading Onchain Options Platform w/BTC, ETH & HYPE. Deep liquidity. Seamless onboarding. Lowest fees. Institutional-grade custody.

Joined February 2021

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Derive.xyz@DeriveXYZ

2026.07.27 03:44

Earlier this week, Multicoin unstaked a large amount of HYPE, introducing fresh volatility and speculation around the token. How did traders on Derive respond? HYPE traders are currently long July $75 calls, holding protection through July $45 - 60 puts, and positioned for more upside through September $100 and $110 calls.