Trump Gives Boost to Hype as Regulators Work on US Pathway

Hype, the native token of Hyperliquid, surged over 20% in 24 hours after US President Donald Trump said regulators were working on a compliant pathway for the decentralized trading platform to enter the American market.

Trump's comments during a White House event referenced CFTC Chair Michael Selig and stated that 'I understand that Mike is also working to bring Hyperliquid into the United States in a fully compliant and legal fashion. Working very hard on that.'

Hype traded around $62 before Trump's remarks, jumping as high as 16% to a 24-hour high of $72.28 on CoinGecko.

Meanwhile, shares of Hyperliquid Strategies, the Nasdaq-listed HYPE treasury company trading under ticker PURR, closed up 30.4% at $9.39, despite no affiliation with Hyperliquid.