Tokenized Tesla contract surges on Hyperliquid after Elon Musk unveils SpaceX-powered Roadster prototype

Trading in Hyperliquid’s Tesla contract rose from $2.8 million to $47 million in one hour overnight following Elon Musk's unveiling of a flying Roadster prototype using SpaceX thruster technology on Oct. 15. The contract price rose about 5% to roughly $378. While Binance's Tesla contract remained the largest with $279 million in 24-hour volume, Hyperliquid held the most open interest at $99 million. This surge demonstrates how crypto exchanges operating 24/7 are becoming primary reaction venues for news concerning traditional companies.