- Hyperliquid’s HYPE token surged over 25% in 24 hours, trading near $73.50 and within 5.3% of its all-time high.
- The rally was fueled by President Donald Trump’s statement that CFTC Chair Mike Selig is working to bring Hyperliquid to the U.S. in a “fully compliant and legal fashion.”
- Hyperliquid Strategies (PURR), which holds over 20 million HYPE tokens on its balance sheet, saw its stock rise over 7% in pre-market trading following a record 30% gain the prior session.
- Retail sentiment on Stocktwits turned ‘extremely bullish’ for both HYPE and PURR, with chatter reaching high levels as traders anticipate new record highs.
Hyperliquid’s native token (HYPE) outpaced Bitcoin on Thursday morning, climbing over 25% in the last 24 hours to roughly $73.50. The token now sits just 5.3% below its record high of over $76, which it reached two months ago. On Stocktwits, retail sentiment shifted to ‘extremely bullish’ from ‘bullish,’ and chatter on the platform jumped to ‘high’ levels. Consequently, shares of Hyperliquid Strategies (PURR) rose over 7% in pre-market trading, extending a rally that saw a record 30% single-day gain in the previous session. PURR holds approximately 20 million HYPE tokens, directly linking its stock price to the token’s performance. Retail sentiment on Stocktwits for PURR also turned ‘extremely bullish,’ with chatter reaching ‘extremely high’ levels.
The broader crypto market rally supported Hyperliquid’s rise, but President Donald Trump provided a specific boost during a press conference. “I understand that [Commodity Futures Trading Commission Chair] Mike [Selig] is also working to bring Hyperliquid into the United States in a fully compliant and legal fashion,” Trump stated. Hyperliquid is a major platform for perpetual futures trading, which allows leveraged positions without fixed expiration dates. U.S. residents are currently barred from using the platform. Meanwhile, retail traders on Stocktwits celebrated HYPE’s proximity to its record high, anticipating new all-time highs soon. According to data shows, HYPE has gained over 180% this year, while PURR’s stock has rallied by around 160%.
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