Bitwise's investment division head has identified Hyperliquid (HYPE) as the most mispriced cryptocurrency, arguing the asset remains undervalued despite posting a 77% gain so far this year, according to Cointelegraph.
The call represents a significant institutional endorsement for the blockchain-based derivatives trading platform, which has gained traction among traders seeking decentralized perpetual futures exposure. Bitwise's assessment suggests the firm sees meaningful upside potential in HYPE relative to current market valuations, despite the token's substantial year-to-date performance.
The statement underscores growing institutional appetite for specialized trading infrastructure tokens, particularly among established crypto asset managers seeking exposure to decentralized finance infrastructure beyond traditional spot trading venues.