Odaily Planet Daily reported that HYPE hit an intraday high of $82 yesterday. It has risen 38% over the past week, with 24-hour trading volume exceeding $2 billion, and a market cap of about $17.17 billion. In the past 30 days, Hyperliquid’s trading volume exceeded $176 billion, and its open interest surpassed $8 billion.

On August 19, US President Donald Trump said that the Commodity Futures Trading Commission (CFTC) is working to introduce Hyperliquid to the US market in a compliant and lawful manner. On August 20, a wallet associated with the venture capital firm Multicoin Capital transferred 308,884 HYPE, valued at approximately $19.8 million, to institutional custody and trading platform Coinbase Prime within 7 hours.

During the same period, the wallet also transferred 172,710 HYPE and 62,700 HYPE, valued at approximately $10.15 million and $4.37 million, respectively. Since February 2026, Multicoin Capital has transferred more than $100 million worth of HYPE to Coinbase Prime; Hyperliquid has continued to repurchase HYPE through the Assistance Fund with about 99% of perpetual contract and spot trading fee income. (Bitcoin.com News)