Trump backs Hyperliquid's US entry as HYPE jumps 14% in two hours
- —HYPE rose 14% in two hours after Trump's remarks on Hyperliquid's US entry
- —Hyperliquid Strategies shares closed up 30%, their best trading day on record
- —The CFTC approved perpetual futures in the US in May 2026; Hyperliquid filed a DeFi rules petition in July
- —All eight prior Trump crypto endorsements now trade below their pre-endorsement prices, with an average 60% drawdown
Why it matters: For the first time a presidential endorsement is paired with a concrete CFTC regulatory process, potentially breaking the pattern of failed Trump-backed tokens.
Source: Crypto Economy