Hyperliquid has seen a sharp uptick in value and trading activity this week, while AI-focused crypto projects are drawing fresh interest from traders. According to veteran trader Michael van de Poppe, the two trends point to a broader return of risk appetite in altcoins.
Hyperliquid's recent run
The decentralized exchange's native token climbed over the past several days. The surge comes amid a quiet period in the broader crypto market, where Bitcoin has traded in a narrow range. Hyperliquid's rise stands out, drawing attention from both retail and institutional players.
AI crypto projects heat up
Tokens tied to artificial intelligence have also rebounded this week. The renewed interest follows a months-long slump that saw many AI-related coins lose half their value. Now, trading volumes are picking up again, and some of the larger projects are seeing double-digit percentage gains.
Van de Poppe: Broader risk appetite returns
Michael van de Poppe, a well-known crypto trader and analyst, noted that the simultaneous strength in Hyperliquid and AI tokens suggests traders are becoming more comfortable with risk. "These trends indicate a broader return of risk appetite in altcoins," he said. Van de Poppe pointed out that such coordinated moves often precede a larger altcoin season.
For now, Hyperliquid and AI tokens are the ones to watch as the altcoin market shows signs of waking up.
