CNBC · 2026-10-29 18:53 UTC

Rare Stanley Druckenmiller post sends crypto-linked stock surging

Stanley Druckenmiller announced he is investing in TradeXYZ, developer of perpetual futures markets on Hyperliquid exchange, which partnered with Intercontinental Exchange (ICE) to bring regulated perp futures to the U.S. Hyperliquid Strategies (PURR) stock surged 19% to a three-week high on the news, with options volume exceeding six times the 30-day average and heavily bullish call buying.

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