HYPE Rallies 7.5% To Top Cryptocurrency Gainers List as Market Value Declines

The cryptocurrency market saw multiple headwinds last week, resulting in a large decline in market value. However, a few coins overcame the slump to post significant gains.

The cryptocurrency market experienced a turbulent week with most coins posting losses. However, a select few managed to buck the trend and post significant gains.

What Happened: HYPE, the native token of decentralized exchange Hyperliquid, emerged as the biggest gainer, adding 7.5% to its value over the last seven days. The coin also clocked massive gains of 586% over the last year.

Hyperliquid is a decentralized trading platform that boasts its own Layer-1 blockchain.

DEXE token, which is based on Ethereum ETH/USD, followed closely behind HYPE in terms of weekly gains. Like HYPE, DEXE also had a strong 2024, clocking gains of 625% over the year.

DeXe is the governance token of the DeXe Protocol — a tool used for creating and governing decentralized autonomous organizations.

Meanwhile, OM, the token linked to layer-1 blockchain MANTRA, rallied over 6% to become the third-biggest gainer in the last 24 hours. The cryptocurrency hit a record high of $5.87 last week and is among the few to record sizable year-to-date gains, at nearly 29%.

On the other hand, the market didn’t paint a rosy picture overall. Blue-chip coins like Bitcoin BTC/USD and Ethereum ETH/USD sank 7.11% and 20.56%, respectively.

XRP XRP/USD and Solana SOL/USD also corrected sharply on Sunday, bringing their weekly losses to 26.56% and 15.25%.

See Also: Elon Musk Says Treasury Officials ‘Breaking The Law Every Hour’ By Approving Fraudulent Payments — DOGE Lead Wants A Blockchain Fix

XRP XRP/USD and Solana SOL/USD also corrected sharply on Sunday, bringing their weekly losses to 26.56% and 15.25%.

Meme coin heavyweights also bled profusely, with Dogecoin DOGE/USD and Shiba Inu SHIB/USD falling 28.93% and 19.65%, respectively.

Two significant events jolted capital markets last week. First, China’s groundbreaking AI model DeepSeek threatened the supremacy of U.S.-based IT behemoths, and second, President Donald Trump’s tariff conflict with neighboring countries like Canada and Mexico.

Overall, the total cryptocurrency market capitalization fell 11.66% over the week to $3.03 trillion.

Photo by CMP_NZ on Shutterstock