The HYPE token of the Hyperliquid platform surged 25% in 24 hours, rising from around $58 to above $72 before stabilizing near $70. This rally brings HYPE close to its all-time high of $77 recorded on June 16, now less than 10% away from its current price. The PURR token associated with Hyperliquid Strategies also gained over 30%. This surge was notably driven by President Donald Trump’s announcement that the CFTC is working to integrate the Hyperliquid platform in a totally compliant and legal manner in the United States, confirming a statement made by CFTC chairman Michael Selig in June. The macroeconomic context, with the US Treasury’s announcement to double its long-term debt buybacks, also contributed to renewed optimism in markets.
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