Hyperliquid’s HYPE token hit an all-time high of $83.27 before slipping to around $77.50, with a market capitalization near $19.5 billion. A scheduled unlock on August 29 will release 14,175,778 tokens worth approximately $1.2 billion, representing 1.4% of total supply. Nearly 47% of these unlocked tokens go to insiders, the largest share, ahead of the community (46.3%) and the Hyper Foundation (7%). President Donald Trump referenced Hyperliquid during a White House meeting with crypto executives, stating that the CFTC is working to bring the protocol to the United States in a fully compliant and legal fashion.
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