Trump Constantly Mentions HYPE in His Remarks, Driving HYPE's Price to Soar Toward Record Highs
Former US President Donald Trump, during a White House meeting with leaders from crypto, tech, and financial firms on August 19, specifically mentioned CFTC Chairman Michael Selig's work on the Hyperliquid project. Trump's remarks focused on efforts to bring Hyperliquid to the US market compliantly. Attendees included executives from Coinbase, Ripple, Robinhood, SEC, Kraken, Gemini, Cboe, and ICE.
Following Trump's comments, Hyperliquid's native token, $HYPE, surged roughly 20-25% within 24 hours, trading between $70-$73, nearing its June 2026 all-time high of over $76. Its market cap approached $18 billion, with daily trading volume exceeding $1.3 billion, ranking it 9th among tokens.
However, Trump's statement did not announce any regulatory approval, CFTC registration, or specific US launch timeline. Hyperliquid's main interface still blocks US users, meaning traders were betting on a potential regulatory breakthrough, not a finalized deal.
Hyperliquid is a blockchain built for trading, specializing in perpetual futures. It matches orders directly on-chain, aiming for centralized exchange speed while maintaining DeFi transparency and self-custody. At times, it has handled 40-70% of decentralized perpetual futures trading volume.
The $HYPE token, launched via an airdrop in November 2024, is central to the network's economics. A significant portion of protocol fees goes to a buyback fund, creating sustained demand for the token.
Trump's endorsement is seen as a catalyst for potential US market access, which could open the platform to institutional traders. Shares of Nasdaq-listed Hyperliquid Strategies, centered around $HYPE holdings, also jumped 30-31%, while shares of traditional derivatives operators like Cboe and CME fell.
The path to a US launch remains a regulatory "minefield," involving unresolved issues on asset custody, leverage, market oversight, and customer protection. Traders now await concrete proposals from the CFTC, making $HYPE's recent gains dependent on follow-through actions after Trump's supportive signal.
cryptonews.ru08/20 15:37