{"id":544,"date":"2026-08-20T14:19:43","date_gmt":"2026-08-20T14:19:43","guid":{"rendered":"https:\/\/1stblock.info\/?p=544"},"modified":"2026-08-20T14:19:43","modified_gmt":"2026-08-20T14:19:43","slug":"hyperliquids-hype-jumps-18-on-sec-pre-ipo-push","status":"publish","type":"post","link":"https:\/\/1stblock.info\/?p=544","title":{"rendered":"Hyperliquid&#8217;s HYPE Jumps 18% on SEC Pre-IPO Push"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Hyperliquid<\/strong>&#8216;s native token <strong>HYPE<\/strong> jumped as much as 18.5% to $69.78 on Wednesday, its steepest single-day gain among the top 100 tokens by market cap, after the exchange&#8217;s policy arm asked U.S. regulators to create formal rules for pre-IPO perpetual futures.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Hyperliquid Policy Center and trading platform trade[XYZ] submitted a joint comment letter to the <strong>SEC<\/strong> on August 18, responding to Chairman Paul Atkins&#8217; May request for ideas on modernizing the IPO process. The filing asks regulators to define &#8220;IPOPs&#8221; \u2014 cash-settled perpetuals that track a company&#8217;s expected valuation before it lists publicly, without granting shares, voting rights, or allocation rights to holders.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The submission cited five completed IPOP markets \u2014 including contracts tied to Cerebras, SpaceX, and SK Hynix \u2014 that traded within roughly 11\u201314% of the companies&#8217; actual opening prices once they went public, an argument the firms used to make the case for regulated price discovery ahead of traditional listings.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The rally pushed HYPE&#8217;s market capitalization to roughly <strong>$17.6 billion<\/strong>, making it the ninth-largest token by that measure. Not every signal was bullish: Multicoin Capital moved <strong>$10.15 million<\/strong> worth of HYPE on-chain, a transfer several traders flagged as a potential source of near-term selling pressure.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The move also rode a broader political tailwind after President Trump said Wednesday that the CFTC is working to bring Hyperliquid into the U.S. market &#8220;in a fully compliant fashion&#8221;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hyperliquid&#8216;s native token HYPE jumped as much as 18.5% to $69.78 on Wednesday, its steepest single-day gain among<\/p>\n","protected":false},"author":2,"featured_media":545,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[4,3],"tags":[],"class_list":["post-544","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","category-market"],"brizy_media":[],"_links":{"self":[{"href":"https:\/\/1stblock.info\/index.php?rest_route=\/wp\/v2\/posts\/544","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/1stblock.info\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1stblock.info\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1stblock.info\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1stblock.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=544"}],"version-history":[{"count":1,"href":"https:\/\/1stblock.info\/index.php?rest_route=\/wp\/v2\/posts\/544\/revisions"}],"predecessor-version":[{"id":546,"href":"https:\/\/1stblock.info\/index.php?rest_route=\/wp\/v2\/posts\/544\/revisions\/546"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/1stblock.info\/index.php?rest_route=\/wp\/v2\/media\/545"}],"wp:attachment":[{"href":"https:\/\/1stblock.info\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1stblock.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1stblock.info\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}