Every Trump-Endorsed Crypto is Down 60%. Will Hyperliquid be Different?

President Donald Trump has made eight crypto endorsements since taking office. Every one trades below its pre-endorsement price, down 60% on average. On Wednesday, he made his ninth by naming Hyperliquid (HYPE) at the White House.

The token jumped 14% within two hours. Whether HYPE escapes the Trump-endorsed crypto pattern depends on something no earlier pick had. A regulator is actually working on the promise.

What Trump Actually Promised Hyperliquid

Trump name-dropped Hyperliquid on Wednesday while hosting executives from Coinbase, Ripple, Nasdaq, and other firms at the White House.

“I understand that Mike is also working to bring Hyperliquid into the United States in a fully compliant and legal fashion,” Donald Trump, remarks at the White House, August 19, 2026.

“Mike” is Michael Selig, chairman of the Commodity Futures Trading Commission (CFTC), the agency that oversees US derivatives markets.

Minutes after the comment, HYPE spiked from $62.23 to nearly $71. Hyperliquid Strategies, a Nasdaq-listed company that holds HYPE in its treasury, closed 30% higher on its best day on record.

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 never mentioned Hyperliquid before, in any post or speech. Meanwhile, Selig chairs the first session of the CFTC’s new Innovation Advisory Committee later Thursday. He says details will follow there.

How Every Trump-Endorsed Crypto Played Out

History gives HYPE holders a clear warning. BeInCrypto scored every coin endorsement he has made in office, eight in total.

The first was quiet. On February 18, 2025, he shared two articles praising Ripple on Truth Social, with no comment attached. XRP still climbed about 7% within 24 hours.

The loudest came on March 2, 2025. He promised a crypto reserve that would include XRP, Solana, and Cardano (ADA).

“A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA,” Donald Trump, Truth Social post, March 2, 2025.

ADA surged 75% within hours, while XRP added 31% and SOL 26%. The whole 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 heart. ETH peaked just 3.3% higher. He has never mentioned it again.

The promise itself died within four days. An executive order made the reserve Bitcoin-only and barred the government from buying altcoins at all. The White House later confirmed that no purchases of XRP, SOL, or ADA ever happened.

Trump has not spoken about those three tickers in 535 days. ADA never printed a higher daily price again and now trades 73% below its pre-post level.

Politico later reported that a Ripple-linked lobbyist fed Trump the reserve post’s language, which may explain the long silence.

His own Official Trump (TRUMP) token got three separate pushes. He declared his love for it on March 23, 2025, worth an 11% pop and his last ticker mention ever.

One month later, the token’s issuer offered a private dinner with the president to the top 220 holders. Qualifying buyers spent about $148 million, and the token peaked 48% higher before fading. A Mar-a-Lago gala contest repeated the formula in March 2026, with a similar peak that turned negative within a month.

Nearly 1 million TRUMP wallets lost a combined $3.81 billion.

The scoreboard is uniform. The eight endorsements peaked 31% higher within 24 hours on average. They turned negative within 30 days and sit 60% lower today.

Will Trump Keep His Hyperliquid Promise?

Every earlier pump failed the same way. The words never came with follow-through.

Hyperliquid is the first endorsement that arrives with the machinery already running. Selig’s CFTC has spent 2026 clearing a path for perpetual futures onshore. It approved US perps in May and called decentralized platforms candidates to follow.

Hyperliquid itself petitioned the CFTC in July, alongside wallet firm Phantom, for DeFi-fit rules.

Therefore, the test is unusually concrete. Thursday’s advisory meeting shows whether “compliant and legal fashion” becomes an actual docket item. The 30-day mark on September 18 shows whether HYPE can hold above $62.23, something only one prior endorsement briefly managed.

A registration pathway or exemption before the 90-day mark in November would separate this from the reserve episode entirely.

Caution still applies, because the remark was not formal approval.

The base rate says fade the pump. The regulatory calendar says this endorsement gets tested in public, starting with what Selig puts on the table today. HYPE either breaks the pattern or joins it.

The post Every Trump-Endorsed Crypto is Down 60%. Will Hyperliquid be Different? appeared first on BeInCrypto.

Source link