Every Trump-Endorsed Crypto is Down 60%. Will Hyperliquid be Different?
President Donald Trump has made eight crypto endorsements since taking workplace. Every one trades beneath its pre-endorsement value, down 60% on common. On Wednesday, he made his ninth by naming Hyperliquid (HYPE) on the White House.
The token jumped 14% inside two hours. Whether HYPE escapes the Trump-endorsed crypto sample is dependent upon one thing no earlier choose had. A regulator is truly engaged on the promise.
What Trump Actually Promised Hyperliquid
Trump name-dropped Hyperliquid on Wednesday whereas internet hosting executives from Coinbase, Ripple, Nasdaq, and different corporations on the White House.
“I perceive that Mike is additionally working to carry Hyperliquid into the United States in a totally compliant and authorized vogue,” Donald Trump, remarks on the White House, August 19, 2026.
“Mike” is Michael Selig, chairman of the Commodity Futures Trading Commission (CFTC), the company that oversees US derivatives markets.
Minutes after the remark, HYPE spiked from $62.23 to just about $71. Hyperliquid Strategies, a Nasdaq-listed company that holds HYPE in its treasury, closed 30% larger on its greatest day on file.
HYPE trades near $71.45 at press time, up 21.3% over 24 hours. The token now ranks tenth by market cap at $15.9 billion.
Notably, Trump had by no means talked about Hyperliquid earlier than, in any publish or speech. Meanwhile, Selig chairs the primary session of the CFTC’s new Innovation Advisory Committee later Thursday. He says particulars will comply with there.
How Every Trump-Endorsed Crypto Played Out
History offers HYPE holders a transparent warning. BeInCrypto scored each coin endorsement he has made in workplace, eight in whole.
The first was quiet. On February 18, 2025, he shared two articles praising Ripple on Truth Social, with no remark hooked up. XRP nonetheless climbed about 7% inside 24 hours.
The loudest got here on March 2, 2025. He promised a crypto reserve that would come with XRP, Solana, and Cardano (ADA).
“A U.S. Crypto Reserve will elevate this essential trade after years of corrupt assaults by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to maneuver ahead on a Crypto Strategic Reserve that features XRP, SOL, and ADA,” Donald Trump, Truth Social post, March 2, 2025.
ADA surged 75% inside hours, whereas XRP added 31% and SOL 26%. The complete market gained over $500 billion that afternoon. About an hour later, a follow-up post added that Bitcoin and Ethereum (ETH) would be the reserve’s coronary heart. ETH peaked simply 3.3% larger. He has by no means talked about it once more.
The promise itself died inside 4 days. An government order made the reserve Bitcoin-only and barred the federal government from shopping for altcoins in any respect. The White House later confirmed that no purchases of XRP, SOL, or ADA ever occurred.
Trump has not spoken about these three tickers in 535 days. ADA by no means printed the next each day value once more and now trades 73% beneath its pre-post degree.
Politico later reported {that a} Ripple-linked lobbyist fed Trump the reserve publish’s language, which can clarify the lengthy silence.
His personal Official Trump (TRUMP) token received three separate pushes. He declared his love for it on March 23, 2025, value an 11% pop and his final ticker point out ever.
One month later, the token’s issuer offered a private dinner with the president to the highest 220 holders. Qualifying consumers spent about $148 million, and the token peaked 48% larger earlier than fading. A Mar-a-Lago gala contest repeated the system in March 2026, with an identical peak that turned adverse inside a month.
Nearly 1 million TRUMP wallets lost a combined $3.81 billion.
The scoreboard is uniform. The eight endorsements peaked 31% larger inside 24 hours on common. They turned adverse inside 30 days and sit 60% decrease as we speak.
Will Trump Keep His Hyperliquid Promise?
Every earlier pump failed the identical manner. The phrases by no means got here with follow-through.
Hyperliquid is the primary endorsement that arrives with the equipment already operating. Selig’s CFTC has spent 2026 clearing a path for perpetual futures onshore. It accredited US perps in May and known as decentralized platforms candidates to comply with.
Hyperliquid itself petitioned the CFTC in July, alongside pockets agency Phantom, for DeFi-fit guidelines.
Therefore, the check is unusually concrete. Thursday’s advisory meeting reveals whether or not “compliant and authorized vogue” turns into an precise docket merchandise. The 30-day mark on September 18 reveals whether or not HYPE can maintain above $62.23, one thing just one prior endorsement briefly managed.
A registration pathway or exemption earlier than the 90-day mark in November would separate this from the reserve episode solely.
Caution nonetheless applies, as a result of the comment was not formal approval.
The base price says fade the pump. The regulatory calendar says this endorsement will get examined in public, beginning with what Selig places on the desk as we speak. HYPE both breaks the sample or joins it.
The publish Every Trump-Endorsed Crypto is Down 60%. Will Hyperliquid be Different? appeared first on BeInCrypto.