Parabolic HYPE Rally Continues, Not Rushing to Reduce Exposure
May 21, 2026
Majors Choppy, HYPE Continues to Lead: It was a relatively uneventful session for the majors, with BTC, ETH, and SOL largely trading in tight ranges. SOL modestly outperformed, up ~1.5% on the day, but once again paled in comparison to Hyperliquid, which continues to stand out as one of the few standout performers in crypto YTD. HYPE traded to another all-time high intraday, briefly touching ~$62 before meeting some supply and retracing modestly.
Perps Market Not Showing Meaningful Froth: Despite the strong mo...
Finish reading this report for free
Enter your email and we'll send the paywall-free report directly to your inbox
Articles Read: 1/2
In addition to your unlocked report, you will receive our weekly market newsletter Fundstrat Snapshot, as well as occasional updates and offers from Fundstrat Direct. You can unsubscribe at any time.
Get unlimited access to Tom Lee's Fundstrat research
Subscribe
Already a member?
Log in