HYPE token breaks through $80 for first time, sets new all-time high

Hyperliquid's native token HYPE has broken through the $80 mark for the first time, hitting $81.43 on the 22nd and setting a new all-time high. The rally was triggered by comments from U.S. President Donald Trump, who stated that Mike Selig, chairman of the U.S. Commodity Futures Trading Commission, is working to bring Hyperliquid into the United States under full regulatory compliance. As of the 23rd, HYPE is up nearly 30% over the past week, trading above $73, a level not seen since June. The token spiked about 20% on the 20th after the announcement and continued rallying to the record high on the 22nd. HYPE's strength has also boosted shares of related digital asset treasury companies. Hyperliquid operates a decentralized perpetual futures exchange on its own Layer 1 blockchain, emphasizing faster speeds and lower fees than centralized platforms. HYPE serves as the token for trading fee discounts and governance. Historically, major DeFi protocols have faced regulatory hurdles in the US, but the president's unusual statement signals a shift toward a more favorable environment.

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