Hype Soars to Record High Amid Trump-Fueled Momentum
Hype (HYPE) surged to a fresh all-time high near $82 on August 19, extending its rally by 38% this week. The token's market capitalization sits at $17.17 billion with a 24-hour trading volume above $2 billion.
The price jump is directly linked to President Donald Trump's comment that the Commodity Futures Trading Commission (CFTC) was working to bring Hyperliquid into the US 'in a fully compliant and legal manner.'
Trump's name-drop sent HYPE charging toward record highs, with the token jumping as much as 25% in a single day.
Multicoin Capital has been depositing tokens into Coinbase Prime, an institutional custody and trading platform. The firm moved over $100 million in HYPE to Coinbase Prime since February 2026, sparking scrutiny due to its bullish public stance on the token's future price.