Three hours ago $HYPE hit a brand new all time high as CFTC opened US perpetuals market access on Hyperliquid.
Let me explain why that single piece of news is bigger than most people realise.
HYPEUSDT
Διην.
67.32
+2.62%
The CFTC opening US perpetuals trading on Hyperliquid means American traders, the largest retail and institutional trading market in the world, can now access Hyperliquid’s $1.28 billion daily volume platform directly, every American trader who comes through that door creates more demand for HYPE.
$SOL is at $82.63 with $47.7 billion market cap and is still 71% below its all time high of $293, HYPE is at $66.72 with a $14.8 billion market cap and just set a new all time high today.
I find it very hard to look at those two facts side by side and not have a strong opinion about which one has more immediate momentum right now. 🚀
SOLUSDT
Διην.
82.87
+0.82%