HYPE token price surges as NYSE parent ICE explores Hyperliquid partnership

1 day ago 2

Rommie Analytics

  • HYPE up 38% in two weeks as ICE confirms talks with Hyperliquid.
  • Hyperliquid’s daily trading volume has surpassed $1 billion.
  • ICE’s CEO, Jeff Sprecher, said Hyperliquid is “bigger than Nasdaq.”

The price of Hyperliquid (HYPE) has continued its strong rally after fresh comments from Jeff Sprecher confirmed that Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), is in discussions with the Hyperliquid decentralised trading platform.

HYPE climbed to $62.62 on Friday, marking a 9.2% gain over the past 24 hours.

The token briefly traded as high as $63.25 during the session and remains close to its all-time high of $64.44 reached earlier this week on May 26.

Notably, the latest move extends a broader rally that has pushed HYPE up 38.3% over the past 14 days and 55.1% over the last month.

Over the past year, the token has surged more than 80%, making it one of the strongest-performing large-cap crypto assets in the derivatives sector.

ICE CEO acknowledges Hyperliquid’s rapid growth

The rally accelerated after Sprecher addressed Hyperliquid during the Read Entire Article