On August 19, 2026, a crypto whale invested approximately $7.4 million in HYPE, the native token of decentralized perpetual futures platform Hyperliquid. President Trump then announced that CFTC Chair Michael Selig was actively working to allow Hyperliquid to enter the US market in a compliant manner. The $7.4 million position appreciated to approximately $9 million, generating an unrealized gain of around $1.57 million. HYPE surged between 11% and 19% during the day, breaking above $70. The operation raises questions about the whale’s timing, as on-chain data shows the purchase was made before Trump’s public announcement.
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