HYPE goes crazy! After an 80% surge, it jumps into the top ten by market cap. Is Dogecoin's position still secure?

The crypto world never lacks miracles.
Yesterday, everyone was discussing when Dogecoin would return to its peak, and today HYPE has quietly overtaken.
The price broke through $72, hitting a new all-time high, with a cumulative increase of over 80% since May. Even more astonishing, it has entered the top ten cryptocurrency market cap club.
Many investors immediately exclaimed, "Why didn't I buy it back then?"
In fact, each bull market always exhibits a phenomenon.
When everyone thinks the main player is confirmed, a new dark horse suddenly emerges.
It was DOGE before.
Then it was SOL.
Now the market is starting to discuss HYPE.
The most interesting part is the shorts.
Data shows that some large short positions are continuously reducing and retreating.
Many shorting funds originally planned to wait for a pullback, but instead, they encountered consecutive new highs.
This is a classic short squeeze.
The more you want it to fall, the more it rises.
The more you add to your position, the faster it climbs.
But it’s important to note that no parabolic rally can last forever.
The faster it rises, the more volatile it becomes.
Especially this week, an important unlocking event is coming, which could change market liquidity and chip structure.
Therefore, the biggest risk at this stage is not missing the rally, but thinking that the rise will never end.
Truly mature investors neither chase the top in a frenzy nor stubbornly remain bearish during an uptrend.
They only focus on the trend.
So the question is: will HYPE challenge the top five market cap in the future, or become the main player in the next high-level consolidation? #ArthurHayes看好HYPE超越SOL