Hyperliquid (HYPE) Leads the Top 10 in August, Yet Smart Money is Short

Hyperliquid (HYPE) price has gained 13.99% in August, making it the strongest performer among the top 10 crypto assets this month.  However, exchange-traded fund flows, large holder activity, and derivatives positioning now point in different directions.

HYPE Outpaces Bitcoin and Ethereum as ETF Demand Slows CryptoRank data show HYPE up 13.99% for the month. This runs roughly 3.3 times Solana’s (SOL) 4.26% gain and 6.8 times Bitcoin’s (BTC) 2.07% uptick.

Follow us on X to get the latest news as it happens August Month-To-Date Performance of the Top 10 Crypto Assets Excluding Stablecoins. Source: BeInCrypto/CryptoRank XRP (XRP) is the only major asset in the red, down 5.98%.

It has spent the month trailing its major peers while large holders kept buying. The latest gain comes after a period of decline. HYPE fell 21.94% from its record high until early August, before rebounding.