$HYPE First of all, it is also a platform token itself, and has extremely high trading volume. Most of the platform's transaction fees are used for buyback and token burning, so the fewer tokens in circulation, the more it has a built-in continuous deflationary upward logic.

Secondly, successfully launching a compliant ETF has brought in a large amount of traditional institutional funds rushing to buy, with off-exchange funds pouring in wildly.

Coupled with the addition of new prediction market services, revenue has surged again, demonstrating strong fundamental strength. Moreover, the circulating supply in the market is very limited, major holders are mostly holding and not selling, resulting in very little selling pressure.

Coinciding with the market rebound, hot funds are flocking to the trending sectors, retail investors are following the trend with high enthusiasm, and multiple forces are working together to push the price higher, making the short-term upward momentum very strong.