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BIT: HYPE has doubled from its 2026 low, becoming the token with the strongest momentum in the crypto market.

MeNews
ME News reported that on May 20 (UTC+8), since 2026, HYPE, as one of the strongest-performing crypto tokens after the Iran conflict, has accumulated gains of over 100%, especially standing out in comparison with Bitcoin. Independent analyst Markus Thielen pointed out that HYPE's strong performance is mainly attributed to Hyperliquid exchange's diversified expansion strategy, which continuously expands cryptocurrency trading into other asset classes, such as traditional financial instruments like oil and SpaceX perpetual contracts, thereby attracting substantial capital inflows. This trend shows that crypto exchanges are accelerating their layout in highly volatile and hotspot-oriented traditional financial derivatives markets, gradually enhancing the intrinsic value of crypto infrastructure. Despite the challenge of crowded long positions in the market for HYPE, current market momentum remains strong. (Source: MLion)
HYPE-0.36%
BTC0.30%
SPCX-0.39%
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