Trump Signals Legal US Path for Hyperliquid, HYPE Jumps 20%
PURR has more than doubled off its 52-week low of $3.01 on elevated volume (4.3× avg).
Summary
President Trump said regulators are working on a compliant pathway to bring Hyperliquid to US users, sending HYPE up 20% to about $70. PURR, the Nasdaq-listed treasury company holding HYPE, closed up 30.4% at $9.39. The move is amplified by unusual options activity: someone paid $65,000 for 719 October $8 calls on PURR just before Trump spoke, now worth about $176,000. No formal proposal exists yet, so this is a sentiment-driven repricing of US access potential. Watch for any CFTC or Hyperliquid announcement on a compliance framework.
At the time of this announcement, PURR was trading at $9.85 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $1.9B. The 52-week trading range was $3.01 to $11.62. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Cointelegraph.