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. Summary 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. CoinGecko showed the token trading within a 24-hour range of $78.11 to $94.35, with its market capitalization at roughly $22.43 billion. The token’s daily trading volume stood at $1.73 billion. At $93.74, HYPE was approximately 4.3% below CoinGecko’s recorded all-time high of $97.96. Returning to that peak would require a gain of around 4.5% from the quoted price. HYPE rally follows ICE’s proposed US market ICE announced a definitive agreement with trade[XYZ] to develop a dedicated U.S. retail market and clearing structure, subject to regulatory approvals. Intercontinental Exchange (ICE) and trade[X...