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Bitwise buys $10M more HYPE tokens, boosting stake in Hyperliquid's growing decentralized derivatives platform.

Market News
26 May 2026
Blockonomi
View Source
Bullish
pluang ai news

Bitwise has expanded its holdings in Hyperliquid's HYPE token by purchasing an additional $10.11 million worth of tokens, increasing its total stake to over $40 million. This move highlights continued institutional interest in selected altcoins despite broader crypto market pressures, including Bitcoin ETF outflows and geopolitical tensions. Hyperliquid's rising derivatives trading volume and its token buyback-and-burn model are key factors driving demand for HYPE. Market watchers see Bitwise's accumulation as a sign of confidence in Hyperliquid's growth potential amid volatile crypto conditions.

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