Trump Says SEC Chair Paul Atkins Working on Hyperliquid (HYPE) US Entry, Pushing Token Past $70

President Donald Trump said Securities and Exchange Commission Chair Paul Atkins is working to bring Hyperliquid to the United States market, capping a White House meeting that also included Commodity Futures Trading Commission Chairman Mike Selig and crypto industry executives. Trump’s statement added to buying pressure in the altcoin and reflected the administration’s broader push to ease digital-asset firms’ access to the country. Hyperliquid is a Layer-1 blockchain best known for its decentralized perpetual futures market, and its HyperCore architecture runs order books for perps and spot entirely on-chain. According to the network’s official documentation, it can process roughly 200,000 orders per second. HYPE, the protocol’s native altcoin, is used for network security, transaction fees and ecosystem functions, and official Hyperliquid data says more than $1 billion in annualized fees is routed programmatically to HYPE buybacks.

Market data shows HYPE recorded a 9.31% gain in the five minutes to 19:15 UTC, lifting the altcoin to $67.94 at that point. The burst was the steepest short-term move in a sequence of rapid candles during the session. Buy-side pressure in perpetual swaps accelerated after the White House details began circulating, and the move came shortly after the meeting’s initial readout. Hyperliquid’s fully on-chain order books differentiate it from venues that rely on an automated market maker model, and the network’s throughput design is built for this kind of high-frequency activity. The five-minute candle was the strongest of the afternoon and pushed HYPE through the upper end of its earlier intraday range. The print briefly lifted HYPE’s market value and added to the bullish positioning already visible in the token’s perp book, leaving the session’s key technical levels within reach. Trading volumes during this leg were clearly elevated, with the move coming on strong perp turnover.

Before that acceleration, HYPE had already climbed 6.17% in the five minutes to 19:13 UTC, reaching $65.95. That intermediate leg showed momentum broadening after the first measurable push, with activity concentrated in perpetual contracts linked to the token. The leg moved HYPE from the low-$63 area to the mid-$65 area within about five minutes, underscoring the pace of the repricing. Hyperliquid runs its own Layer-1 network rather than an appchain, and its stated capacity of roughly 200,000 orders per second is designed to absorb high-frequency trading bursts. On-chain order books mean transaction data is visible in real time, giving traders a clear read on the depth behind each candle. Hyperliquid’s design is unusual among derivatives platforms because its matching engine and settlement both occur on-chain, a feature that becomes important during fast moves. The consecutive five-minute gains set up the move that followed the Trump-related headlines, reinforcing the view that the market was already anticipating a U.S. market-access announcement.

The first measurable leg in the sequence came at 19:12 UTC, when HYPE rose 3.05% over the preceding five minutes to $63.95. That move marked the starting point for a rapid repricing that soon accelerated into sharper gains. Even before the White House statement, the market was absorbing an acceleration in HYPE-related activity, with buyers stepping in ahead of the bursts. The 19:12 UTC print gave the first clear signal that the day’s consolidation was breaking to the upside, and traders watched the five-minute candle closely because it broke the narrow intraday range visible in earlier prints. At that level, the token was still well below the session’s later highs, but the percentage gain signaled that positioning was already building ahead of a possible catalyst. The data for this leg does not identify the initial buyer, and it is unclear whether the early buying was tied to expectations of the White House comments.

COINOTAG’s proprietary 42-indicator composite scoring engine rates the $66.5186 support at 70/100, driven by the confluence of ATR Lower, HVN, Ichimoku Senkou B and Ichimoku Senkou A. The $71.35 resistance scores 52/100, supported by LVN, Donchian Upper and Fibo 0.114. HYPE trades at $70.03, up 18.69% over 24 hours, with RSI at 72.31 and a bullish MACD signal. Derivatives open interest stands at about $1.89 billion, with perp funding at 0.0144%, reflecting active long positioning and some crowding risk. The Fear & Greed Index at 46/100 suggests sentiment has not shifted to euphoria. A sustained close above $71.35 opens a path toward $76.98; losing $66.52 would invalidate the near-term bullish structure and likely trigger a deeper bear-market pullback.