Hyperliquid’s surge and renewed interest in AI-focused crypto projects are signaling a broader return of risk appetite in altcoins, says Michael van de Poppe.

Hyperliquid's HYPE token crossed $50 on Wednesday for the first time since September 2025, fueled in part by a high-profile call from Bitwise's chief investment officer.

HYPE has flipped ETH in open interest on HyperliquidX, with both tokens surpassing $1B. Here's what the milestone means for traders and the DEX landscape.