Hyperliquid’s native token, HYPE, surged on August 19, 2026, after US President Donald Trump said regulators are working to bring the high-performance Layer-1 network into the United States.
Speaking after a White House crypto summit, Trump indicated that SEC Chairman Paul Atkins and CFTC Chairman Mike Selig are involved in efforts to bring Hyperliquid to the US market. A widely circulated quote attributed to Trump said: "I understand that Mike (Selig) is also working to bring Hyperliquid into the United States in a fully compliant and legal fashion."
Hyperliquid is known for its decentralized perpetual futures market, with HyperCore infrastructure supporting on-chain order books for perpetual and spot trading. The platform says it can process about 200,000 orders per second, and more than $1 billion in annualized fees are programmatically used for HYPE buybacks.
HYPE climbed nearly 10% from bottom to top, touching $71 before pulling back just under $70. The token came close to its June 2026 all-time high of $76. The broader crypto market also rallied, with bitcoin rising above $69,000 for the first time since June, ethereum reaching $2,100, and XRP trading above $1.05. The market-wide bounce followed increased liquidity-support buybacks of US government bonds announced by the Treasury, with more than $1 billion in leveraged positions liquidated during the move.
