Hyperliquid (HYPE) and Mantra (OM) have shown strong gains in the past 24 hours while the broader crypto market plummeted.
By Parth Dubey
Edited by Marco T. Lanz
Updated
2 mins read
Hyperliquid HYPE $15.67 24h volatility: 2.8% Market cap: $5.27 B Vol. 24h: $86.38 M and Mantra OM $6.71 24h volatility: 0.4% Market cap: $6.62 B Vol. 24h: $71.01 M were two of the few major cryptocurrencies that saw significant gains in the past 24 hours, both surging 13%. Meanwhile, the broader crypto market, including Bitcoin, faced a downturn. Bitcoin dropped to $91,000 before recovering to $99,100, according to CoinMarketCap.
The real-world asset (RWA) tokenization sector is proving to be a strong performer this cycle. Mantra (OM) and Ondo ONDO $0.93 24h volatility: 6.1% Market cap: $2.94 B Vol. 24h: $172.20 M both remained bullish, rising by 13.10% and 5.98%, respectively. The sector’s market capitalization currently stands at $61.20 billion, while trading volume saw a massive 245% increase. This surge in activity indicates that demand for RWA tokens is still strong.
Hyperliquid, a protocol at the intersection of AI and blockchain, also remained bullish with a 13% gain. AI-based tokens have performed exceptionally well this cycle, with the sector now valued at $35 billion. In the past day alone, over $8.43 billion worth of AI tokens were traded, reflecting a 178% spike in trading volume.
Crypto analysts consider HYPE one of the most promising projects for 2025. A social media user on platform X (formerly Twitter) praised Hyperliquid for its fair token launch and strong community.
Publishing this chart on Hyperliquid for 2025 to get you all to understand on where we are heading.
You are looking at an asset with the fairest launch we have seen to date with the highest immediate growth potential that from day 1 drove value back to token holders.
Strap in… pic.twitter.com/EaQFMtwyqe
— McKenna (@Crypto_McKenna) February 2, 2025
Additionally, the protocol has been generating solid revenue, with $1.97 million earned in the past 24 hours and $52.22 million over the past month, according to DefiLlama.
At the time of writing, HYPE is trading at $24.81, while OM stands at $5.71. HYPE has a market capitalization of $8.26 billion, whereas OM is valued at $5.76 billion. Mantra recently hit a new all-time high just four days ago, whereas Hyperliquid has declined 30% from its peak recorded a month ago.
Photo: TradingView
The four-hour chart for HYPE above shows strong bullish momentum, with the Relative Strength Index (RSI) at 52.87. However, the slight downward slope suggests a potential correction. The price is currently in the bullish region of the Bollinger Bands, with the upper resistance level at $28.16.
Photo: TradingView
OM’s RSI stands at 68.82, indicating that bulls are still in control. However, the token is approaching the overbought zone. The Moving Average Convergence Divergence (MACD) indicator remains bullish for OM, suggesting that the token may attempt to break above the $6 resistance level.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.
