Bitwise Bullish on Hyperliquid: HYPE Labeled ‘Undervalued’ As It Rallies 20%
Bitwise Chief Investment Officer Matt Hougan issued a strongly bullish view on Hyperliquid and its native token, HYPE, shortly after Bitwise launched a HYPE exchange-traded fund (ETF) final week. In his feedback, Hougan argued that the market is mispricing Hyperliquid’s broader enterprise mannequin—treating it as primarily simply one other perpetual futures venue. Hyperliquid As A…