Hyperliquid Crypto Surges 17% After Trump Backs U.S. Push

President Donald Trump's comments on a compliant U.S. entry for Hyperliquid crypto sparked a price surge, pushing the token up by 17% in just 24 hours.

The rally was fueled by Trump's statement at a White House meeting that Commodity Futures Trading Commission Chair Mike Selig is working on a pathway for Hyperliquid to enter the U.S. market 'in a fully compliant legal fashion.'

As a result, HYPE price climbed towards $69, with derivatives activity increasing significantly.

However, despite the surge, the token remains below its June all-time high of $76.87.