Hyperliquid’s HYPE Token Rises More Than 10% in an Hour, Clears $87

Hyperliquid’s HYPE token rose more than 10% in about one hour and moved above $87 on Thursday, Oct. 29, marking a sharp short-term gain for the asset.

Over the stated window, the gain exceeded 10% and HYPE crossed the $87 mark. That combines a double-digit move with a defined price threshold; the reported interval is about an hour, so the figures capture a short-term market shift rather than a full-day performance measure.

A separate development involving U.S. markets is Intercontinental Exchange’s (ICE) plan to work with Trade.xyz to bring perpetual-contract products to regulated U.S. markets. ICE is the parent company of the New York Stock Exchange. The planned offering concerns derivatives trading, while the HYPE update tracks a token-price move.

ICE’s initiative is described as a plan to introduce products, not as a completed launch. The price update records HYPE’s move during the one-hour period, crossing the $87 level after a gain of more than 10%.