HYPE Price Rises 15% Following NYSE Plan to Bring Hyperliquid Perps to the US

Hyperliquid (HYPE) climbed more than 15% on Thursday after New York Stock Exchange owner Intercontinental Exchange (ICE) agreed to bring Trade[XYZ]’s Hyperliquid-based perpetual futures to the US. The token traded near $79 early on Thursday, according to CoinGecko. By mid-afternoon UTC, it traded near $93, up more than 16% in a day. That left HYPE about 5% below its record of $98, set on September 23. Trade[XYZ] runs its markets through HIP-3 , a Hyperliquid feature that lets developers deploy their own perpetual futures markets. Hyperliquid’s documentation requires each deployer to stake 500,000 HYPE.