HYPE Tops $60 as Spot ETF Absorbs 1.04% of Market Cap in First 10 Sessions

HYPE broke above $60 to reach a new all-time high, diverging from a broader crypto market described as facing selling pressure and uncertainty. In its first ten trading days, the spot HYPE ETF absorbed 1.04% of HYPE's total market capitalization, exceeding comparable debut-window absorption rates cited for Bitcoin, Ethereum, and Solana.