Crypto
Trump's Remarks Send HYPE Price Soaring as Whale Investor Sees Big Gain
A whale investor quietly accumulated $7.4 million worth of HYPE, the native token of decentralized perpetual futures platform Hyperliquid, on August 19, 2026.
This accumulation happened right before President Trump made a statement at a White House event about CFTC Chair Michael Selig's efforts to help Hyperliquid enter the US market compliantly.
The price of HYPE surged between 11% and 19% on the day, pushing above $70 and causing the whale's position to swell to approximately $9 million.
The unrealized gain for this investment was around $1.57 million.