Polymarket · New York · Elon Musk · CoinDesk
Stanley Druckenmiller's first X post backs Hyperliquid venture after $23 million indirect investment
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★ Tier-1 Source
Billionaire investor Stanley Druckenmiller chose cryptocurrency for the subject of his first post on the social media platform X, revealing an investment in Trade[XYZ], a trading platform that partners with the New York Stock Exchange's parent company to bring Hyperliquid-based derivatives to the U.S.
Key facts
- According to a regulatory filing with the Securities and Exchange Commission, Duquesne Family Office held 2.94 million shares of Hyperliquid Strategies Inc
- I am excited to be an investor in trade XYZ $76.93
- Market Closed," the legendary 73-year-old investor wrote in his post on Thursday, without disclosing financial details
- In a March Morgan Stanley interview, Druckenmiller predicted that stablecoins could underpin global payment systems within 10 to 15 years, citing their efficiency and lower costs
- Trade[XYZ], one of the largest developers of markets on decentralized exchange Hyperliquid, said its existing platforms have generated more than $650 billion in trading volume in over a year
Summary
"I am excited to be an investor in trade XYZ $76.93 · Market Closed," the legendary 73-year-old investor wrote in his post on Thursday, without disclosing financial details. The post drew a response from Elon Musk, who replied with a single word: “Interesting," bringing additional attention to Druckenmiller's debut on the social media platform. “Hi Elon, the reporter would love to find a way to get their perpetual futures integrated into X. Druckenmiller's endorsement came as Intercontinental Exchange (ICE), the NYSE's parent company, announced a partnership with Trade to establish a regulated U.S. venue for perpetual futures, contracts that allow traders to take leveraged positions without expiration dates.