Trump name-drops Hyperliquid as HYPE jumps 21.3%, but past endorsements faded
- —HYPE gained 14% within two hours of Trump's remarks and 21.3% over 24 hours
- —Hyperliquid Strategies shares rose as much as 31% intraday on Nasdaq
- —The CFTC has issued no formal approval and Hyperliquid still blocks US users
- —Eight prior Trump crypto mentions averaged a 31% pop and a 60% drop
Why it matters: The rally rests on expectations of CFTC approval, and without a formal decision or compliance framework it risks repeating the reversals that followed earlier endorsements.
Source: Crypto Briefing