Bitwise portfolio manager Matt Hougan says Hyperliquid’s token, HYPE, is “most mispriced” in the market despite a roughly 77% increase in value so far this year, according to two reports. Hougan argues that HYPE is not being valued like the token for a “global super-app” and is instead treated by many investors as if Hyperliquid were primarily a niche crypto derivatives exchange. In CoinDesk’s account, the firm frames the platform as a fast-growing trading hub aimed at global markets rather than a limited crypto-focused venue. CoinTelegraph similarly reports Hougan’s view that the market price does not reflect Hyperliquid’s broader positioning. Overall, both outlets attribute the assessment to Bitwise’s interpretation of how the platform’s product scope should translate into token valuation, and they highlight the contrast between the token’s recent performance and the firm’s claim that it remains undervalued relative to that broader thesis.
Bitwise says Hyperliquid’s HYPE is mispriced despite a strong year
Bitwise portfolio manager Matt Hougan says Hyperliquid’s token, HYPE, is “most mispriced” in the market despite a roughly 77% increase in value so far this year, according to two reports. Hougan argue...
- Bitwise’s Matt Hougan says HYPE is “most mispriced” or one of crypto’s most undervalued assets.
- Hougan argues the market is pricing Hyperliquid as a niche derivatives exchange rather than a broader “super-app.”
- Both reports cite that HYPE has risen about 77% so far this year.
- The discussion centers on how Hyperliquid’s positioning could justify a different valuation for HYPE.
- Both outlets attribute the claims to Bitwise and Hougan’s perspective on token pricing.
Bitwise’s Matt Hougan says Hyperliquid’s token is not priced as if it is tied to a “global super-app,” arguing the platform is more than just a crypto platform.
3 months agoThe crypto asset manager argued the market is mispricing Hyperliquid as a niche derivatives exchange instead of a fast-growing “super-app” for global trading markets.
3 months ago
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