Rare Stanley Druckenmiller post sends crypto-linked stock surging

A post by hedge fund legend Stanley Druckenmiller on X sparked a surge in crypto-linked equities tied to perpetual futures. The message hinted at his involvement with TradeXYZ, a developer of “perps” markets, after TradeXYZ announced a partnership with Intercontinental Exchange (ICE) to bring popular perpetual futures trading from Hyperliquid onto U.S. soil, subject to regulatory approvals. Druckenmiller confirmed to the Financial Times that he is an investor in trade(xyz) and said he plans to use the platform to enhance his process. Options traders piled into Hyperliquid Strategies (PURR): 111,000 options changed hands on Thursday, and shares rose 19% to a three-week high.