Hyperliquid Soars 20% as Trump Paves Path for US Market Entry

Hyperliquid (HYPE) experienced a significant surge of 20% in just one day following a statement from President Donald Trump. The president mentioned that CFTC Chair Michael Selig is working on a pathway for Hyperliquid to operate legally in the United States.

However, it's essential to note that no official approval has been announced yet. The market is reacting to the idea of a potential fast-track path into the U.S. market, which would be a massive opportunity for the exchange. Even if access is granted, some features or markets might still be restricted for U.S. customers.

Despite this uncertainty, Hyperliquid's business model is attractive due to its automated buyback and burning of coins, which reduces the total supply. The company has generated significant revenue in the past, with $357 million in Q3 2025. Re-entering the U.S. market could help return top-line growth.

Even if Hyperliquid doesn't gain access to the U.S. market, it will likely benefit from the eventual end of the crypto bear market. This could lead to a significant increase in activity on the exchange, benefiting coinholders.