MOVE surges 15% on Hyperliquid spot debut as volume spikes 515%, MAUs fall 31%

MOVE climbed over 15% after Hyperliquid added the token to its spot market, enabling collateral use for perpetual trading and coinciding with a 515% jump in daily volume. Long liquidations neared $4 million versus $2.67 million in shorts with leverage up to 50x. Weekly transactions totaled 4.2 million even as monthly active addresses fell 31% to 14.8K.