Hyperliquid Strategies' mNAV has returned above 1, and HYPE prices have risen.

Hyperliquid Strategies (PURR) has returned above 1, currently trading at around 1.011, representing a premium of approximately 1.1% over its net asset value. PURR is priced at approximately $10.93, with a net asset value per share of approximately $10.81, corresponding to a HYPE price of approximately $85.96. The HYPE price rose and broke through $87, influenced by news that ICE, the parent company of the NYSE, plans to partner with Trade.xyz to introduce perpetual contracts to the US regulatory market.