Hyperliquid has listed XPL-USD "hyperp" perpetual futures, allowing traders to long or short the unlaunched $XPL token with up to 3x leverage. This offers an opportunity to profit from new token price movements before the official Token Generation Event (TGE), potentially bypassing the initial volatility of the actual token launch. Investors seeking quick flips on new tokens can consider trading the XPL hyperp on Hyperliquid.