The HYPE token surged 20% after Donald Trump hinted at a legal pathway for Hyperliquid in the United States. Meanwhile, Hyperliquid Strategies, a Nasdaq-listed company trading under the ticker PURR, closed at $9.39, up 30.4%. Approximately four hours before Trump’s statement, an investor reportedly purchased 719 PURR call options with an $8 strike price for about $65,000. These contracts, bought at $0.90 each, were quoted at $2.45 by the close, valuing the position at roughly $176,000 with an unrealized gain of approximately $111,000. Trading volume was more than 140 times the 30-day average, with no clear evidence of insider trading established.
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