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📈 HYPE token jumps 20% following Trump statement on Hyperliquid
The price of the HYPE token on the decentralized trading platform Hyperliquid—an online exchange operating without traditional intermediaries—reached $72.28 after remarks by Donald Trump.
The administration indicated that Michael Selig, head of the CFTC (Commodity Futures Trading Commission, the federal agency regulating financial derivatives), is pursuing a compliant legal framework to bring the protocol into the U.S. market. Neither the regulatory agency nor the platform developers have released an official plan or implementation timeline.
This movement represents a sharp increase from the previous trading level of roughly $62.
Market valuations remain sensitive to executive announcements ahead of any concrete regulatory action.
Declarations currently outweigh actual policy implementation.
#Hyperliquid #Crypto #CFTC