HYPE Tripled in a Risk-Off Market: The Machine Behind It

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HYPE trades near $68 after roughly tripling from its March low of $25.64, a run built during one of the most risk-averse stretches crypto has seen since 2022. Global retail crypto activity contracted for two straight quarters through Q1, yet Hyperliquid's token set an all-time high at $76.90 in June. Understanding why…