Hyperliquid and AI Tokens Lead Altcoin Rally, Says Van de Poppe

Hyperliquid's HYPE token has reached a new all-time high following the launch of two HYPE ETFs in the U.S., according to CoinDesk. Michael van de Poppe, a prominent crypto trader, noted that European traders are increasingly turning to Hyperliquid due to limited access to perpetual futures trading on regulated platforms in Europe. He highlighted Hyperliquid's expansion into tokenized stocks, commodities, and pre-IPO assets as a driver of broader tokenization trends in crypto markets. Van de Poppe also sees AI-linked crypto projects as undervalued, citing NEAR and Bittensor as strong infrastructure plays. He warned that while Hyperliquid benefits from concentrated liquidity, competition could challenge its market position. Van de Poppe views Solana as a more attractive long-term investment due to its transition to an institutional blockchain ecosystem.