HYPE is still pumping, up to 91. It turns out the person behind it is a big shot who once teamed up with Soros to short the pound and made $1 billion in a day.
His name is Stan Druckenmiller, founder of Duquesne Capital, with an average annual return of about 30% over 30 years and a Bloomberg-reported net worth of about $9.9 billion. Now he has personally admitted that he invested in trade(xyz).
$HYPE instantly exploded. On Binance, it surged from around 78 all the way to above 92, with the current price around 91 and an intraday gain of over 13%. Someone in the group said they thought it was over at 82, and in the blink of an eye it was 92.
The core of the matter is that trade(xyz) is working with ICE, the parent company of the New York Stock Exchange, to bring Hyperliquid-based 24/7 perpetual contracts into the U.S. compliant market. Put simply, this is not just an ordinary positive development; HYPE’s identity has changed. Before, it was the leader in on-chain perpetuals. Now a traditional finance giant is giving it a compliant entry point, and a top macro heavyweight is personally stepping in to endorse it. What the market is buying is no longer just current trading volume, but whether it can capture the huge U.S. compliant perpetuals market.
Of course, the product still has to wait for regulatory approval; it won’t launch today. But the market has already moved in the most optimistic direction.
For now, the key is whether it can hold above 90. If it can’t, even the most legendary big shot won’t be able to withstand the profit-taking pressure.
#HYPE #Hyperliquid
His name is Stan Druckenmiller, founder of Duquesne Capital, with an average annual return of about 30% over 30 years and a Bloomberg-reported net worth of about $9.9 billion. Now he has personally admitted that he invested in trade(xyz).
$HYPE instantly exploded. On Binance, it surged from around 78 all the way to above 92, with the current price around 91 and an intraday gain of over 13%. Someone in the group said they thought it was over at 82, and in the blink of an eye it was 92.
The core of the matter is that trade(xyz) is working with ICE, the parent company of the New York Stock Exchange, to bring Hyperliquid-based 24/7 perpetual contracts into the U.S. compliant market. Put simply, this is not just an ordinary positive development; HYPE’s identity has changed. Before, it was the leader in on-chain perpetuals. Now a traditional finance giant is giving it a compliant entry point, and a top macro heavyweight is personally stepping in to endorse it. What the market is buying is no longer just current trading volume, but whether it can capture the huge U.S. compliant perpetuals market.
Of course, the product still has to wait for regulatory approval; it won’t launch today. But the market has already moved in the most optimistic direction.
For now, the key is whether it can hold above 90. If it can’t, even the most legendary big shot won’t be able to withstand the profit-taking pressure.
#HYPE #Hyperliquid
