ICE CEO Says Hyperliquid’s SpaceX Market Could Eclipse The IPO Itself – Its ‘Bigger Than Nasdaq’

HYPE approaches an all-time high as spot Hyperliquid ETFs top $100M in inflows and the ICE CEO calls the 11-person platform "bigger than Nasdaq."

• At the Bernstein Conference, ICE CEO Jeff Sprecher said he has met with the Hyperliquid team several times and called them “very, very smart people.”
• Sprecher stated Hyperliquid’s SpaceX perpetual futures market could become bigger than the SpaceX IPO itself as we get closer to its debut on June 11.
• HYPE’s price was just 4.5% from making another all-time high on Friday, after surging to a record of over $64 last week.

Hyperliquid (HYPE) outperformed Bitcoin (BTC) and the broader cryptocurrency market on Friday morning after ICE CEO Jeff Sprecher said at the Bernstein Conference that Hyperliquid is “bigger than Nasdaq” despite having only 11 employees. 

“This Hyperliquid that we're talking – if you haven't heard about it, it's bigger than NASDAQ, okay? It's 11 people,” he stated, adding that he had met with the team multiple times and praised them as “very very smart people.”

HYPE’s price gained nearly 10% in the last 24 hours, climbing to almost $62. Retail sentiment around the decentralized exchange’s token on Stocktwits has trended in ‘extremely bullish’ territory over the past week, alongside ‘extremely high’ levels of chatter.