Trump Comments Send Hyperliquid Above $72 as Options Draw Scrutiny
Hyperliquid native HYPE token jumped from around $62 to as high as $72 today in a move of more than 20%. It was all happening after President Donald Trump said regulators were working on a compliant U.S. pathway for the decentralized exchange. But the price action wasn’t the only signal worth watching as options trading tied to a HYPE-linked treasury company spiked hours before Trump’s remarks, drawing scrutiny from traders without settling what, if anything, it proves.
Trump made the comments last night during a White House event, saying:
“I understand that Mike is also working to bring Hyperliquid into the United States in a fully compliant and legal fashion. Working very hard on that.”
He was referring to Commodity Futures Trading Commission (CFTC) Chair Michael Selig. HYPE traded near $70 following the remarks, with 24-hour trading volume reaching $1.4 billion, according to CoinGecko.
The $65,000 Hyperliquid Options Trade That Raised Eyebrows
Roughly four hours before Trump spoke, someone paid about $65,000 for 719 call options on Hyperliquid Strategies, the Nasdaq-listed HYPE treasury company trading under the ticker PURR with an $8 strike price expiring in mid-October, according to CNBC. The contracts cost about $0.90 each and closed the session valued at $2.45, an unrealized gain of roughly $111,000 on paper.
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