Hyperliquid Nears Peak Price After Trump’s US Launch Comment

Hyperliquid (HYPE) is currently one of the best-performing cryptocurrencies in the market. CoinGecko data shows that HYPE’s price has surged by 21.3% in the daily charts, 25% in the weekly charts, and more than 70% over the last year. HYPE is nearing its all-time high of $76.87, trailing by just about 6%. The price rally comes after President Trump hinted that the Hyperliquid exchange could make its way into the US. Let’s discuss what’s going on.

Hyperliquid Rallies After Trump’s Comment: Can The Rally Sustain?

President Trump recently hosted the CEO and founder of a number of cryptocurrency platforms and companies. During the event Trump stated that CFTC (Commodity Futures Trading Commission) Chair Mike Selig was “working very hard” to bring Hyperliquid into the US “in a fully compliant and legal fashion.”