<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>144</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: Mirabelli Christopher -->
          <cik>0001262326</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <issuerInfo>
      <issuerCik>0001509745</issuerCik>
      <issuerName>CYPHERPUNK TECHNOLOGIES INC.</issuerName>
      <secFileNumber>001-37990</secFileNumber>
      <issuerAddress>
        <com:street1>47 Thorndike Street Suite B1-1</com:street1>
        <com:city>Cambridge</com:city>
        <com:stateOrCountry>MA</com:stateOrCountry>
        <com:zipCode>02141</com:zipCode>
      </issuerAddress>
      <issuerContactPhone>617-714-0360</issuerContactPhone>
      <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>CHRISTOPHER MIRABELLI</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>Director</relationshipToIssuer>
      </relationshipsToIssuer>
    </issuerInfo>
    <securitiesInformation>
      <securitiesClassTitle>Common Stock</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>LPL Financial LLC</name>
        <address>
          <com:street1>1055 LPL Way</com:street1>
          <com:city>Fort Mill</com:city>
          <com:stateOrCountry>SC</com:stateOrCountry>
          <com:zipCode>29715</com:zipCode>
        </address>
      </brokerOrMarketmakerDetails>
      <noOfUnitsSold>60000</noOfUnitsSold>
      <aggregateMarketValue>42629.11</aggregateMarketValue>
      <noOfUnitsOutstanding>89979619</noOfUnitsOutstanding>
      <approxSaleDate>03/26/2026</approxSaleDate>
      <securitiesExchangeName>NASDAQ</securitiesExchangeName>
    </securitiesInformation>
    <securitiesToBeSold>
      <securitiesClassTitle>Common Stock</securitiesClassTitle>
      <acquiredDate>03/13/2026</acquiredDate>
      <natureOfAcquisitionTransaction>RSU Settlement</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>168750</amountOfSecuritiesAcquired>
      <paymentDate>03/13/2026</paymentDate>
      <natureOfPayment>Services rendered as director</natureOfPayment>
    </securitiesToBeSold>
    <nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <noticeSignature>
      <noticeDate>03/27/2026</noticeDate>
      <signature>/s/ Christopher Mirabelli</signature>
    </noticeSignature>
  </formData>
</edgarSubmission>
