Bitwise Chief Investment Officer Matt Hougan says Hyperliquid’s HYPE token remains undervalued, even after becoming one of 2026’s strongest large-cap crypto performers.
Summary
- HYPE rose 77% this year as Bitwise argued investors still undervalue Hyperliquid’s wider market reach.
- Hougan said Hyperliquid’s $170 billion monthly volume shows demand beyond crypto perpetual futures markets.
- Bitwise will use 10% of BHYP management fees to buy and hold HYPE tokens directly.
Hougan wrote in a May 19 memo that HYPE is up 77% year to date, making it the best-performing large-cap crypto asset of 2026. Still, he said investors are not fully pricing Hyperliquid’s reach…
