HYPE Nears ATH, Surges 21% After Trump Says CFTC Working to Bring Hyperliquid to U.S.
Hyperliquid (HYPE) is one of the top performers in crypto right now, posting sharp gains across multiple timeframes. CoinGecko data shows HYPE up 21.3% on the day, 25% over the past week, and more than 70% year‑to‑date. The token is trading roughly 6% below its all‑time high of $76.87. The recent jump followed high‑profile remarks by former President Donald Trump at an event that included the CEO and founder of several crypto firms. Trump said Commodity Futures Trading Commission (CFTC) Chair Mike Selig was “working very hard” to bring the Hyperliquid exchange into the U.S. “in a fully compliant and legal fashion.” That comment — widely circulated on social media — helped spark a quick move in HYPE, with orders and headlines sending the token higher. The HYPE rally is happening against a broader market upswing. At the same event Trump also suggested the U.S. is considering large purchases of Bitcoin and other digital assets; those comments coincided with Bitcoin reclaiming the $69,000 area and a general lift in investor sentiment after months of weakness. Why Hyperliquid has been resilient - Strong 2026 performance: HYPE already had a bullish stretch earlier this year, hitting its all‑time high in June 2026 even as many major tokens were under pressure. - Exchange dynamics: Increased trading activity on the Hyperliquid exchange — particularly higher futures volumes tied to oil price volatility — boosted fee revenue. - 24/7 accessibility: The platform’s round‑the‑clock trading attracted more users and volume compared with venues that have limited hours. - Token buybacks: Hyperliquid reportedly uses a portion of platform fees to buy back HYPE tokens, a mechanism that reduces circulating supply and can amplify price moves when volume is strong. Outlook and risks A U.S. debut for the Hyperliquid exchange would be a bullish catalyst and could push HYPE toward new highs — some market watchers have floated the prospect of the token clearing $100 if the exchange gains U.S. approval and traction. However, there’s no confirmed timeline for any U.S. launch, and the comments that drove the latest move are not the same as regulatory approval. If the U.S. entry doesn’t materialize or market momentum stalls, HYPE could face a meaningful pullback. Bottom line: Hyperliquid’s recent surge combines company‑level mechanics (fees and buybacks), macro liquidity and commodity‑related flows, and a political/regulatory headline that injected fresh optimism. Traders should weigh the upside narrative against the regulatory uncertainty and the possibility of a short‑lived headline‑driven spike. Read more AI-generated news on: undefined/news
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