After Bitcoin fell back to around $69,000, the cryptocurrency market came under renewed pressure. Reports suggest this decline was influenced by higher-than-expected US inflation data, as well as setbacks in US-Iran peace talks and tensions in the Strait of Hormuz.
Three tokens bucked the trend and strengthened.
Despite a weakening overall market, three tokens still reached all-time highs: Hyperliquid's HYPE, Humanity's H, and LAB.
- HYPE rose to $75.48 during the session.
- Humanity rose to $0.8439
- LAB rose to $19.52
The rise in HYPE is related to share buybacks.
The report mentions that HYPE's current surge began after the launch of its spot ETF in May 2026. Meanwhile, Goldman Sachs also disclosed its investment in Hyperliquid-related stocks.
However, the article argues that the more direct driving factor is project buybacks. Increased buybacks lead to a contraction in circulating supply, while demand remains high, thereby pushing up the token price.
AI-themed projects and updates boosted the other two cryptocurrencies.
The recent rise in Humanity is attributed to the continued popularity of the AI theme. As AI concept stocks continue to strengthen, related crypto assets have also moved in tandem, resulting in a significant increase in H in recent days.
LAB's rise is related to project updates and news of a new rewards season. The report suggests these developments helped the token maintain its strength during a general market correction.
The market remains influenced by macroeconomic and geopolitical factors.
While some individual tokens bucked the trend and reached new highs, the report also pointed out that the overall crypto market remains weak. If geopolitical tensions continue to deteriorate or energy prices rise further, market volatility could increase further.
The article also mentions that such rapid price increases may be accompanied by speculative buying. Once the initial enthusiasm subsides, the price volatility of the relevant tokens may intensify.
