Key Insights: HYPE crypto price rose 16.43% to $93.57 as daily volume jumped 200.1% to $2.25 billion. Elon Musk replied, “Interesting,” as the proposed U.S. market awaits CFTC approval. HYPE
HYPE crypto price rose by 16.43% to $93.57 over the past 24 hours. The rally coincided with plans for a U.S. perpetual futures market using Hyperliquid’s infrastructure. Elon Musk responded to Stan Druckenmiller’s X post about investing in Trade[XYZ], which announced the project with ICE.
According to CoinMarketCap data, the HYPE crypto ranked ninth by market capitalization, at $23.73 billion. That valuation rose by 16.43%, while daily volume climbed by 200.1% to $2.25 billion. Hyperliquid price initially hovered around $80 before declining toward $78–$79.
HYPE crypto price movement over the past 24 hours | Source: CoinMarketCap
HYPE remained below $80 for several hours before an advance carried it through $85 and above the $90 level. The HYPE crypto price rally then extended beyond $95 before a pullback left the displayed price at $93.57.
Stan Druckenmiller tweeted on October 29, 2026, that he is excited to invest in Trade[XYZ] and anticipates using its product in his investment process. Elon Musk replied “Interesting” to that statement on X. However, the proposed market still requires CFTC approval.
The planned contracts would run around the clock, including periods when traditional markets close. Trade[XYZ] said its existing markets provide continuous price discovery across stocks, indices, and commodities.
The proposed U.S. offering would use dedicated exchange and clearing infrastructure built on Hyperliquid, and the native native HYPE crypto price also reflects market interest in the ecosystem.
Under the announced structure, Hyperliquid would supply infrastructure through HIP-3, while Trade[XYZ] would design and implement markets. ICE would operate the regulated market and clearing structure. Planned contracts cover equities, indices, commodities, foreign exchange, and crypto.
Participants would access the U.S. market through participating brokers and platforms, according to Trade[XYZ].
The company said product details, eligibility, and timing would follow as approvals progress. ICE also plans a strategic investment in the perpetuals platform, alongside Druckenmiller’s participation.
Meanwhile, Trade[XYZ] said its Hyperliquid market surpassed $650 billion in volume within just over a year. Its existing HIP-3 markets will remain unchanged under the announced arrangement. The company plans to develop the U.S. market alongside those operations.
Hyperliquid described its role as a neutral infrastructure layer, with deployers retaining control and responsibility for their markets. It said HIP-3 operators would remain independent, as existing HIP-3 deployers do. ICE operates the NYSE and other exchanges and clearing houses.
Separately, Aksel Kibar’s daily KuCoin HYPE/USDT chart showed a rebound from support near $76.60. The chart displayed $91.05, with a $100.50 target approximately 10.4% higher. Earlier peaks around $95 marked the next visible resistance area.
Kibar had previously identified the area as an inflection point and highlighted the possibility of a rebound. The chart placed horizontal support near the intersection with a rising trendline connecting several lows. Price had previously broken above $76.60 and then returned to test that level.
The subsequent rebound showed that former resistance acted as support on the supplied chart. However, a move beyond recent highs would strengthen the chart’s case for a test of $100.50. That level remains a projection, and the chart provides no volume data to assess participation.
For the HYPE crypto price, the lower marked support levels are $52.70 and $44.80. Those levels become relevant if the price breaks below $76.60 and the rising trendline.
Note: Cryptocurrency prices are highly volatile; this content is not financial advice. Past performance does not guarantee future results. Always consult a certified financial professional before making any investment decisions.
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