Hype Price Surges Near All-Time High as US Entry Looms

Hype (HYPE) price has been climbing steadily over the past week, nearing its all-time high of $100. The token has gained around 4.5% in the last 24 hours, trading near $84 and just below the crucial resistance area of $85 to $85.5.

According to a recent report from Hyperliquid Strategies, US President Donald Trump stated on August 19 that CFTC Chairman Michael Selig was working on bringing Hyperliquid into the United States through a compliant structure. This has been seen as a positive development for HYPE, which could lead to increased adoption and trading volumes in the US market.

The proposed arrangement would involve offering some Hyperliquid-linked perpetual futures to US traders through Bitnomial, Payward's CFTC-regulated derivatives exchange and clearinghouse. While regulatory clearance is still pending, this development has already sparked significant interest in HYPE, with the token's price surging accordingly.