The cryptocurrency token $HYPE, associated with the Hyperliquid decentralized exchange (DEX) platform, has seen significant activity and attention following its recent airdrop and listing on KuCoin, marking its first centralized exchange (CEX) listing. The token's price has surged to $15, with market participants speculating further increases if market conditions remain favorable. A $3 million TWAP buy has contributed to the token's momentum, and only 30% of the airdropped tokens have been sold so far, signaling strong holding sentiment. Hyperliquid, a platform offering decentralized perpetual contracts and leveraging innovative liquidity mechanisms, has gained traction in the DeFi space. KuCoin's listing of $HYPE includes a promotion of 50 USDT fee discounts for early deposits. Analysts suggest that the listing could pave the way for additional CEX listings. Furthermore, traders can now access $HYPE with leverage options of up to 5x on platforms like Drift.