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Hyperliquid (HYPE) jumps 20% after Druckenmiller invests and Elon Musk reacts on X.

Market News
29 Oct 2026, 20:43 WIB
UToday
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Bullish
Hyperliquid (HYPE) jumps 20% after Druckenmiller invests and Elon Musk reacts on X.

Hyperliquid's native token HYPE surged 20% to $95.49, nearing its all-time high, after Stanley Druckenmiller announced his investment in the project and Elon Musk reacted to the news on X. Druckenmiller's investment follows Hyperliquid's partnership with Intercontinental Exchange to launch 24/7 regulated perpetual futures trading in the U.S. The combined influence of a Wall Street legend, Musk's attention, and entry into the U.S. market pushed HYPE's market cap above $24 billion. The project also stands out for its community-focused token distribution and potential integration with Musk's AI company for advanced trading solutions.

Following the buzz around Stanley Druckenmiller's investment and Elon Musk's reaction, Hyperliquid's token HYPE is showing strong momentum on Pluang. As of Oct 30, 2026 01:03 WIB, HYPE trades at Rp1.716.790 with a 1-day gain of 17.85%. The token's market cap stands at Rp436,54 trillion, while 24-hour trading volume reaches Rp40,07 trillion, reflecting active interest despite a higher sell order ratio of 63%.

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