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BIT: HYPE has doubled since its lows in 2026, becoming the most momentum-driven token in the crypto market

MeNews
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ME News Report, May 20 (UTC+8), since 2026, HYPE has been one of the strongest-performing cryptocurrencies following the Iran conflict, with a cumulative increase of over 100%, especially notable in comparison to Bitcoin. Independent analyst Markus Thielen pointed out that HYPE's strong performance is mainly due to Hyperliquid Exchange's diversified expansion strategy, which continuously extends cryptocurrency trading into other asset classes such as oil and SpaceX perpetual contracts, attracting significant capital inflows. This trend indicates that crypto exchanges are accelerating their layout into high-volatility and hot-topic traditional financial derivatives markets, gradually enhancing the intrinsic value of crypto infrastructure. Despite the challenge of crowded long positions in the market, current market momentum remains strong. (Source: MLion)
HYPE18.35%
BTC0.25%
SPACEX6.73%
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