HYPE jumps 20% as Trump signals legal US path for Hyperliquid
Hyperliquid’s native token surged more than 20% over 24 hours after United States President Donald Trump said regulators were working on a compliant pathway to make the decentralized trading platform available to American users. HYPE traded around $62 immediately before Trump’s remarks and subsequently jumped as much as 16% to a 24-hour high of $72.28, according to CoinGecko.
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Key Facts
- Fact 1: Hyperliquid’s native token surged more than 20% over 24 hours after United States President Donald Trump said regulators were working on a compliant pathway to make the decentralized trading platform available to American users.
- Fact 2: HYPE traded around $62 immediately before Trump’s remarks and subsequently jumped as much as 16% to a 24-hour high of $72.28, according to CoinGecko.
- Fact 3: It later settled to about $70, up approximately 20% in the last day, with 24-hour trading volume reaching $1.4 billion.
- Fact 4: “Working very hard on that.” Hyperliquid is a decentralized trading platform and layer-1 blockchain best known for its onchain perpetual futures exchange.
Hyperliquid’s native token surged more than 20% over 24 hours after United States President Donald Trump said regulators were working on a compliant pathway to make the decentralized trading platform available to American users. HYPE traded around $62 immediately before Trump’s remarks and subsequently jumped as much as 16% to a 24-hour high of $72.28, according to CoinGecko.
It later settled to about $70, up approximately 20% in the last day, with 24-hour trading volume reaching $1.4 billion. “I understand that Mike is also working to bring Hyperliquid into the United States in a fully compliant and legal fashion,” Trump said during a Wednesday White House event, referring to Commodity Futures Trading Commission (CFTC) Chair Michael Selig. “Working very hard on that.” Hyperliquid is a decentralized trading platform and layer-1 blockchain best known for its onchain perpetual futures exchange.
(Original synthesis pending human/AI review — generated by the stub provider by selecting real sentences from the source material, not by writing new analysis or commentary.)
Original source: Cointelegraph
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