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.
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.”
Hyperliquid’s (HYPE) rally also comes amid a larger market rally. In the White House event, President Trump also stated that the US is considering buying significant amounts of Bitcoin (BTC) and other cryptocurrencies. The comment led to a market-wide resurgence, with BTC reclaiming the $69,000 price level. Investor sentiment has risen after months of despair.
Hyperliquid (HYPE) has had quite a bullish year in 2026. Even when other cryptocurrencies were struggling, HYPE was registering big gains. The asset hit an all-time high in June 2026 while other cryptocurrencies, including Bitcoin (BTC), were seeing losses. HYPE’s rally during in a bear market was likely due to increased trading on the Hyperliquid exchange. Oil price surges led to higher futures trades. Moreover, Hyperliquid was open 24/7, which made the platform attractive to traders. Increased traffic led to higher fee. The platform uses its fee to buy back HYPE coins. The move led to a massive surge in HYPE’s price.
Also Read: Hyperliquid Might Just Be The Best Performer In 2026
There is a chance that Hyperliquid (HYPE) will sustain its rally. If the exchange makes its US debut, we could see HYPE’s price breach the $100 mark. However, we do not have an exact timeline for when the exchange could launch in the US. Additionally, if the launch does not follow through, the asset may face a price correction.
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