While Terra files a lawsuit against Jane Street, altcoin traders are collecting profits from Terra and rotating into Bitcoin Hyper.
In an unexpected move, Terra Classic’s native token LUNC exploded by up to 40% over the last few days, propelled by news of a major lawsuit filed by the bankruptcy administrator overseeing Terraform Labs’ wind-down.
The legal action targets the trading firm Jane Street over events tied to the 2022 collapse that wiped out tens of billions of dollars in value, and contributed to the market-wide crash that devastated crypto portfolios and many Web3 companies that year.
This development has traders buzzing, and some fast movers are already taking profits from the LUNC rally, causing its price to fall back by 15.6%. Many appear to be rotating those gains into newer opportunities within the Bitcoin space, particularly the ongoing Bitcoin Hyper (HYPER) presale.
With its focus on unlocking real utility for BTC, the project has attracted almost $32 million in funding and could see massive gains following its end-of-Q1 launch.
HYPER Presale Captures Attention as L2 Hype Grows
Bitcoin Hyper (HYPER) is pioneering a new kind of Layer 2 network for Bitcoin, which combines the base layer’s unmatched security with high-performance execution.
By integrating the SVM (Solana Virtual Machine), Bitcoin Hyper offers near instant transaction finality and minimal fees to Bitcoin users, opening the door to full-fledged DeFi services, staking protocols, and other dApps, all powered by BTC.
To get started, users will need to deposit their native BTC via a trust-minimized bridge and receive equivalent assets (Wrapped Bitcoin) on the L2. From there, they’ll be free to engage with high-speed Web3 dApps, and withdraw back to the main chain at any time.
The HYPER token will power all L2 gas fee payments, enable staking (with a reward rate of up to 37% APY during the presale), and support future governance processes via the project’s community DAO.
How to Join the Bitcoin Hyper Presale Before Exchange Launches
The HYPER presale currently offers a discounted price of $0.0136762 per token – but this is due to increase in just a few hours. To snap up your HYPER before the price rises, head over to the official Bitcoin Hyper website to connect a wallet and complete your purchase.
HYPER tokens can also be acquired seamlessly through Best Wallet (available for quick download from the Apple App Store and Google Play). HYPER can be found under the “Upcoming Tokens” tab in the Best Wallet app.
Supported payment options include ETH, USDT, USDC, BNB, SOL, and direct bank card purchases.
Once you’ve bought in, you can also stake immediately to earn an APY of 37%.
For ongoing updates, follow Bitcoin Hyper on X and join the Telegram group to stay informed on new developments and the path toward HYPER’s token generation event.