Trader Michael van de Poppe cites Hyperliquid’s ETF launches and AI token resurgence as drivers of altcoin risk appetite.
Hyperliquid’s HYPE token reached a new all-time high following the launch of two U.S. ETFs, outpacing broader crypto markets. The surge reflects traders rotating into higher-risk altcoins amid renewed interest in AI-focused crypto projects.
European traders have increasingly adopted Hyperliquid due to limited access to perpetual futures on regulated platforms. The protocol’s expansion into tokenized stocks, commodities, and pre-IPO assets is accelerating broader tokenization trends in crypto markets.
Van de Poppe suggested HYPE could rise to $100 or more if crypto market sentiment strengthens further. However, he views Solana as a stronger long-term bet, citing its transition toward institutional adoption and liquidity concentration.