Tokenized Tesla rallies as Elon Musk announces SpaceX-powered flying Roadster prototype
·2 min read
Compiled by KHAO Editorial
— aggregated from 9 sources.
See llms.txt for citation guidance.
✓ KHAO Verified
Traders rushed into Tesla-linked crypto markets overnight after Elon Musk unveiled a flying version of the Roadster, with trading on Hyperliquid jumping while U.S. stock markets were closed.
Key facts
Musk demonstrated the prototype, which uses SpaceX thruster technology, on Oct. 15, after Tesla TSLA $354.74
Market Closed shares closed at $362.44
Binance remained the largest venue, with $279 million in 24-hour volume versus Hyperliquid’s $159 million, according to RootData, but Hyperliquid held the most open interest, at $99 million
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%
It settles in USDC, allows up to 20x leverage and requires no brokerage account
Summary
Trading in Hyperliquid’s Tesla contract rose from $2.8 million to $47 million in a single hour overnight. The contract’s price rose about 5% to roughly $378. The contract tracks Tesla’s stock price but is not a tokenized share. The surge shows how crypto exchanges that never close are becoming the first place investors react to news about traditional companies.