According to KookCapitalLLC, there is significant trader interest in writing put options on the $HYPE token, but as of June 2025, no major centralized or decentralized crypto options platforms such as Deribit, Aevo, or Lyra support put writing for $HYPE (source: @KookCapitalLLC on Twitter, June 1, 2025). Traders seeking exposure to $HYPE options must monitor derivatives platforms for future listings or consider OTC solutions. This lack of options access may limit sophisticated hedging and bearish strategies for $HYPE, impacting its short-term liquidity and volatility profile in the crypto markets (source: Deribit, Aevo official site listings, June 2025).