# entropy.io Buys MOONSHOT Ticker on Hyperliquid for About $46,000 By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/35060 Published: 2026-10-19T21:56:01.000Z Updated: 2026-10-19T21:56:01.000Z Section: Investing > HIP-3 builders must stake 500,000 HYPE to deploy a market. The ticker purchase did not include a MOONSHOT contract launch. entropy.io bought the MOONSHOT ticker for a potential Hyperliquid perpetual futures market, paying 574.98 HYPE, about $46,068, without establishing that a MOONSHOT contract had opened for trading. The purchase was disclosed Monday, Oct. 19. No contract launch date or trading start accompanied it. The approximate dollar value describes the ticker payment; acquiring the ticker is separate from deploying a market. Under HIP-3, builders can create perpetual futures markets on Hyperliquid. They define the contracts and provide the oracle prices used to run them. A builder must stake 500,000 HYPE to deploy a HIP-3 market on mainnet, separate from any payment for its ticker. The price was close to [Paragon’s separate PAPER ticker purchase](). Paragon paid 570.98 HYPE, about $45,000, for that HIP-3 code. Both purchases secured ticker codes, while the MOONSHOT disclosure provided no details of a live contract. ## Links in this article - [Paragon’s separate PAPER ticker purchase](https://www.tokenpost.com/news/investing/34243)