Hyperliquid co-founder discusses private markets at KBW 2026
Hyperliquid (HYPE)
Editor:
Eugene Serbin
cryptobriefing.com reports that Hyperliquid co-founder Jeff Yan presented on-chain private markets at Korea Blockchain Week 2026 in Seoul. Yan argued that wealth has been gate-kept for too long and that building infrastructure for restricted assets is socially beneficial. The event took place from September 29 to October 1 at Walkerhill Hotels & Resorts.
Hyperliquid, which operates with a team of roughly 11 people, has grown without venture capital funding. The platform recently ran a major airdrop of its HYPE token to users in late 2024 instead of selling to VCs. Yan highlighted HIP-3, an initiative allowing independent teams to create perpetual markets without permission from the core team.
This technical backbone has already driven meaningful volume in non-crypto assets. The conference also featured speakers such as Arthur Hayes and Tom Lee. Hyperliquid held a dedicated seminar on September 28 targeting Korean financial institutions. Yan built the platform using his background in quantitative trading and funded operations internally.
How the market reacted
Whalio's own Binance spot order flow for HYPE, measured when this story was written up on 30 September 2026. Not the outlet's figures.
HYPE is trading at $86.09 with a 24-hour buy ratio of 51.9%, indicating a slight majority of buyers over the full day. However, the 1-hour buy ratio has dropped to 32.4%, suggesting that immediate buying pressure is fading compared to the longer-term trend. The 4-hour buy ratio sits at 55.8%, showing that buying interest remains stronger over a medium timeframe than in the last hour. Volume Delta for the hour is -$180,109, meaning sellers have dominated the most recent flow, while the 4-hour delta is positive at +$195,850. CVD closed at -$1,086,249, reflecting net selling pressure over the 24-hour period despite the spot volume reaching $26,435,821.
Was that an ordinary day?
The same Binance spot measurements for HYPE, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 48.4%, making today’s 24-hour ratio of 51.9% an improvement of 3.5 points. Spot volume today is 1.43 times the weekly average, indicating significantly higher activity than usual. Despite this volume spike, the price has dropped 6.6% over the last six days. The 6-day Volume Delta total is -$949,410, showing that net selling has outweighed buying over the longer term. This suggests that while today is an unusually active day, the broader weekly trend remains bearish.