Crypto Trader Earns $23.7 Million Gain Following Trump's Comment on Hyperliquid
A crypto trader who bought over 488,000 HYPE tokens for $17.18 million five months ago is now sitting on an unrealized profit of $23.7 million as the token’s price surged from $35 to around $84. The rally was triggered by a remark made by President Donald Trump during a White House meeting, where he mentioned that CFTC chair Mike Selig was working to bring Hyperliquid—a decentralized crypto exchange—into the U.S. in a compliant manner. Hyperliquid had been unavailable to U.S. users due to regulatory uncertainty around decentralized exchanges and perpetual futures trading. The news sparked optimism about potential U.S. availability, leading HYPE’s price to rise sharply from $58 on August 19 to an all-time high of $86.71 by August 27. The trader's staked tokens are now valued at approximately $41 million according to blockchain analytics platforms Lookonchain and Arkham.
Topics: crypto price surge HYPE token Hyperliquid Trump remark