Crypto trader sees Hyperliquid and AI tokens leading altcoin rally

Michael van de Poppe says Hyperliquid’s surge and renewed interest in AI-focused crypto projects signal a broader return of risk appetite in altcoins. He highlighted recent gains in the HYPE token and pointed to undervalued AI-linked projects as key drivers.

Hyperliquid is outperforming much of the crypto market as traders rotate back into higher-risk assets. The HYPE token reached a new all-time high after two HYPE ETFs launched in the United States. Van de Poppe noted that European traders have increasingly moved to the platform because perpetual futures trading remains difficult to access on many regulated venues in Europe. He added that Hyperliquid’s push into tokenized stocks, commodities and pre-IPO assets is accelerating broader tokenization trends.

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Illustration of Hyperliquid token price at $50 driven by HYPE ETF inflows, featuring financial charts and investment flows.
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Hyperliquid price crosses $50 as HYPE ETFs attract inflows

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Hyperliquid's token price crossed $50 this week, driven by early inflows into new spot HYPE exchange-traded funds that outpaced Bitcoin products on an adjusted basis.

Hyperliquid's HYPE token has gained 101 percent year to date while decoupling from Bitcoin. The platform's revenue has expanded across multiple sectors. Bitwise's Matt Hougan described HYPE as the most mispriced cryptocurrency.

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Hyperliquid's $HYPE token has shown signs of recovery but faces strong resistance in futures markets. A cluster of $28.9 million in short liquidations looms above the $35 price level, potentially amplifying volatility if breached. Technical indicators suggest building upside momentum, though broader market conditions could influence the outcome.

At the iConnections conference in Miami, institutional investors showed renewed interest in digital assets despite bitcoin's 25% decline this year. Allocators now view crypto as a core part of alternative investments, led by family offices. Regulatory clarity remains a key hurdle for broader adoption.

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CME Group and ICE are pressing U.S. regulators to restrict Hyperliquid's offshore perpetual contracts tied to oil prices. The effort comes amid traditional exchanges' push into continuous trading, including CME's planned round-the-clock crypto futures launch.

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