HYPE Gains 18.2% in 24 Hours; Druckenmiller Says He Invested in Trade[XYZ]

Hyperliquid (HYPE) rose 18.2% over 24 hours to $95.03 at 1:23 p.m. ET (17:23 UTC) Thursday; Stan Druckenmiller said he invested in Trade[XYZ], Intercontinental Exchange's (ICE) partner for a planned U.S. derivatives venue. At 8:08 a.m. ET (12:08 UTC) Oct. 29, Druckenmiller wrote, “I am excited to be an investor in trade(xyz) as they partner with ICE.” ICE announced Oct. 29 that it reached a definitive agreement with Trade[XYZ]. ICE plans to invest strategically in the company and operate its regulated markets exclusively.

Source: TokenPost