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...
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