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HYPE has officially surpassed Dogecoin in market capitalization, marking a major shift in the meme coin landscape.
Once dominated by pure hype-driven assets like DOGE, the sector is now showing signs of rotation toward stronger, utility-backed projects such as Hyperliquid.
Unlike traditional meme coins that rely mainly on social media momentum, HYPE is supported by real DeFi activity, trading volume, and ecosystem-driven demand.
This milestone reflects a broader change in crypto sentiment, where fundamentals are starting to matter even in meme categories.
Investors are now questioning whether this is just a short-term flip or the start of a long-term shift from pure hype tokens to utility-backed assets like $HYPE ..