Trade.XYZ faces valuation rumors amid $200M funding speculation

The rumors gained momentum after commentator ProMint suggested the fundraising claims were credible, citing private sources and the potential for venture investors to provide strategic support. The Telegram channel whoiskevin radar echoed these reports, pinning the valuation at $1.5 billion. However, the claims face significant skepticism. Prominent industry voice Cobie dismissed the possibility entirely, stating the probability of such a round is zero. Other observers have questioned the logic behind seeking external capital, suggesting the project might otherwise rely on the Hyperliquid ecosystem.

Adding to the uncertainty, the speculation follows closely on the heels of a recent operational crisis at Trade.XYZ. On July 29, the firm announced a reimbursement program for users hit by an SK Hynix price anomaly. On July 27, the asset’s mark price plummeted from $1,127.90 to $917.25, triggering widespread forced liquidations. While the company attributed the error to data received from the South Korea-based NextTrade pre-market, the event highlighted the risks inherent in its independent oracle design under the Hyperliquid HIP-3 framework. Trade.XYZ has yet to offer any official comment regarding the fundraising reports, leaving the $200 million figure as an unverified claim.