After Bitcoin retreated from its previous high to around $72,000, overall market risk appetite cooled somewhat. However, three crypto assets bucked the trend and hit new all-time highs on June 1: HYPE, LAB, and Humanity.

HYPE rose to $73.73

According to CoinGecko data, Hyperliquid's token HYPE rose to $73.73 at one point that day, setting a new all-time high. The report noted that HYPE had previously ranked among the top ten assets by market capitalization.

Factors driving prices higher include increased project buybacks and heightened attention following the launch of spot ETFs last month. The report also noted that Goldman Sachs disclosed its purchase of millions of dollars worth of shares in Hyperliquid Strategies, which was also seen as a positive factor by the market.

LAB hit a new high of $11.69

The second to reach a new high was LAB. CoinGecko data shows that LAB rose to $11.69 on June 1.

The report suggests that this surge is related to the project's new quarterly rewards program. This program is directly linked to transactions within the LAB App and LAB TG App, driving market attention to the token.

Humanity driven by AI theme

The third to hit a new all-time high was Humanity, with the token code H. CoinGecko data shows that H rose to $0.6885 at one point that day.

The report attributes its rise to the popularity of the AI theme. With AI-related projects consistently attracting investment in recent years, some investors see Humanity as a beneficiary of this narrative, thus driving up its price performance.

From an overall market perspective, macroeconomic inflation data and geopolitical tensions continue to suppress the performance of mainstream assets, but some tokens with clear narratives or event catalysts are still significantly outperforming the broader market in the short term.