Hyperliquid price jumps 17% on ICE deal: Can HYPE reach $120?

Hyperliquid’s HYPE has climbed 17.4% to $93.74 on Oct. 29 as NYSE owner Intercontinental Exchange has announced plans for regulated U.S. perpetual futures markets using the blockchain’s infrastructure. HYPE trades at $93.74, approximately 4.3% below CoinGecko’s recorded all-time high of $97.96. ICE plans to operate regulated perpetual markets with trade[XYZ], subject to regulatory approvals. Five whales opened HYPE long positions worth $52.7 million, according to Lookonchain’s monitoring. Michaël van de Poppe targets $110–$120 after identifying a recovery above previous support.