
星球日报|May 20, 2026 06:11
[BIT: HYPE Has Risen Over 100% from Its 2026 Low, Primarily Driven by Non-Crypto Asset Contract Trading]
Odaily Planet Daily reports that BIT released a daily chart indicating that since the outbreak of the Iran conflict, HYPE has been one of the strongest-performing tokens. Its rise is primarily attributed to the platform's expansion beyond crypto assets, venturing into perpetual contracts tied to crude oil prices, and the recent launch of SpaceX Pre-IPO perpetual contracts. This trend suggests that exchanges are increasingly introducing high-volatility products closely aligned with market hotspots and linked to traditional market assets. Compared to the purely 'crypto narrative,' the crypto infrastructure itself is becoming more significant. HYPE has risen over 100% from its 2026 low, with upward momentum remaining strong. Notably, despite the crowded high-conviction long trades surrounding HYPE, its outperformance relative to Bitcoin remains remarkable.
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