HYPE Token Surges on US Market Entry Talks with Kraken Parent Payward
Hyperliquid's native token, HYPE, has seen its price rise following reports that the decentralized protocol is in discussions with Payward, Kraken's parent company, about entering the US market.
This development comes amid ongoing efforts by US regulators to facilitate Hyperliquid's compliant entry into the American market. The token was trading at around $81.26 to $81.63 on August 31, 2026, slightly below its recent peak but indicating positive market sentiment regarding potential regulatory approval.
Market participants appear to be anticipating a significant impact from these talks, which could enhance Hyperliquid's volume and investor confidence. The odds of HYPE reaching $100 by the end of 2026 have increased to 62.5%, reflecting confidence in future growth.