Analysis: HYPE hits a new high, coupled with a resurgence in AI narratives, indicating the altcoin market is entering a risk repricing phase.

CoinFeed reported on May 23 that, according to CoinDesk, market analyst Michael van de Poppe stated that the altcoin market is showing signs of a recovery in risk appetite as Hyperliquid continues to rise and AI-related crypto projects regain attention. He pointed out that Hyperliquid has significantly outperformed the overall market recently, with its token HYPE hitting an all-time high after the launch of two related ETFs in the US. Meanwhile, European traders are accelerating their migration to this platform due to limited access to perpetual contracts on regulated platforms.