HYPE token surges 26% in 24 hours following Trump's endorsement of Hyperliquid at a White House crypto summit.

Macro & Markets · 2026-08-20

HYPE, the native token of Hyperliquid, surged 26% within 24 hours following Trump's endorsement of the exchange at a White House crypto summit. Bitwise and Grayscale assessed in July and August that the token remained undervalued with potential for significant gains.

Previously on Telem

Trump: CFTC working to bring Hyperliquid to US compliantly 2026-08-20
Hyperliquid generates $4.4M revenue, burns $4.24M HYPE tokens 2026-08-20
Whale deposits $53M HYPE to exchanges, retains $55.7M position 2026-08-14
Hyperliquid burns 19.75K HYPE tokens in 24 hours 2026-08-13
Hyperliquid opens low-latency data nodes under $1,000 monthly 2026-08-13