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XRP falls 60% while Bitwise highlights HYPE as crypto's most undervalued asset amid shifting investor focus.

Market News
29 May 2026
Benzinga
View Source
Bearish
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XRP has dropped 60% from its July 2025 peak despite positive developments like SEC settlement and new partnerships. Meanwhile, Bitwise CIO Matt Hougan identifies HYPE as the most mispriced crypto asset, with strong ETF inflows and a unique buyback mechanism driving interest. The crypto market is in a phase of low sentiment and investor apathy, but new 'Gen 2' tokens like HYPE are seen as the future winners under evolving regulations. This shift signals a potential new cycle in crypto investment focused on assets with clearer legal frameworks and value capture.

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