According to Paradex Network on Twitter, traders can now place bets using the HYPE token on their platform as of May 23, 2025 (source: @tradeparadex). This development provides increased liquidity and real-time trading opportunities for HYPE, which could impact short-term price volatility and trading volume. Active participation in HYPE betting could offer arbitrage and momentum trading strategies for crypto traders seeking to capitalize on trending meme coins and derivatives markets.