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 ETFs have drawn in 172 million dollars since their launch. This comes as the HYPE token reached an all-time high. Meanwhile, U.S. spot Bitcoin ETFs have seen outflows of nearly 5.6 billion dollars over the same period.

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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.

Major cryptocurrencies declined over the past week while the S&P 500 extended its longest weekly winning streak since 2023. Bitcoin and ether fell nearly 3 percent each amid softer inflows into spot bitcoin exchange-traded funds. Smaller tokens such as Hyperliquid's HYPE provided the only notable gains.

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The Shanghai Futures Exchange is designing derivative contracts on AI tokens, while CME Group and Intercontinental Exchange announce futures for GPU rentals.

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