Hyperliquid Price Skyrockets on Trump's Compliant US Entry Hints

Hyperliquid's price surged by over 24% after President Donald Trump mentioned the potential for the decentralized exchange to enter the US market in a compliant and legal way.

The comments came during a press conference on Wednesday, where Trump stated that Commodity Futures Trading Commission Chair Mike Selig was working to bring Hyperliquid into the US under clear rules.

At the time of writing, the HYPE crypto price stood at $72.76, with its market value reaching approximately $18.28 billion and trading volume exceeding $1.52 billion, a 542.05% increase from the previous period.

Coinbase's integration of Hyperliquid-powered perpetual futures into the Base App has also contributed to the growing attention around the project, which offers traders access to over 290 perpetual markets covering crypto, equities, and commodities with up to 50x leverage.