Hyperliquid (HYPE) Daily Market Analysis 21 February 2026

Hyperliquid's HYPE token gains momentum from regulatory, volume, and endorsement catalysts – here's the latest: • Launched a $29M policy center (21 February 2026) led by ex-Blockchain Association head Jake Chervinsky for CFTC-friendly positioning • HIP-3 perpetuals now drive 35% of platform volume, with TradFi assets like Silver futures making up 31.6% of total volume • BitMEX co-founder Arthur Hayes targets $150, accumulating $6.4M in HYPE and boosting bullish community sentiment • Token listed on HTX exchange (20 February 2026) as it trades at $30.37, though down 47% from its 2025 all-time high • Platform shows stability with $5.45B open interest, but weekly volume and revenue fell sharply amid broader market fear