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HYPE token surpasses Dogecoin to enter top 10 cryptocurrencies by market cap.

Market News
31 May 2026
Coincu
View Source
Bullish
pluang ai news

HYPE, the native token of the Hyperliquid decentralized exchange, has overtaken Dogecoin in market capitalization, entering the top 10 cryptocurrencies globally. This shift reflects HYPE's price growth and institutional interest, including the launch of a Hyperliquid ETF by Bitwise Asset Management, which broadens investor access. The rise of HYPE signals growing recognition of decentralized derivatives platforms as valuable crypto assets, contrasting with Dogecoin's lack of new developments and declining market cap. Investors will watch trading volumes and ETF inflows to see if HYPE can maintain its position amid volatile market conditions.

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