Nasdaq Hyperliquid Stock Outpaces HYPE Token After Trump Speech

Hyperliquid Strategies saw its shares close 30.4 percent higher on Wednesday, outperforming the underlying HYPE token. President Donald Trump spoke at a White House meeting with financial and crypto executives, stating that regulators are working to bring Hyperliquid into the United States in a fully compliant manner. Trump specifically credited Commodity Futures Trading Commission Chair Mike Selig with leading the effort.

While the HYPE token rose about 18 percent to trade near $69.22 following the remarks, the Nasdaq listed treasury stock climbed to $9.39 and added another 4.9 percent in after hours trading. Meanwhile, traditional derivatives venues moved lower, with Cboe Global Markets dropping 3.5 percent and CME Group falling 1.7 percent as investors weighed the future competition.

The digital asset treasury model has generally struggled in 2026, but firms holding HYPE stand out as rare exceptions with strong unrealized gains. Hyperliquid Strategies shares have gained more than 163 percent this year, contrasting sharply with losses seen across other corporate crypto holdings. Traders will watch for further regulatory updates regarding the timeline for an official United States launch.