Hyperliquid (HYPE) Claims No. 1 in Analyst Sentiment Ranking Shared by Ki Young Ju

HYPE Leads an Eight-Asset Sentiment List

Hyperliquid (HYPE) has moved to the top of an analyst sentiment ranking that placed it ahead of Bitcoin and Ethereum, a list CryptoQuant founder and CEO Ki Young Ju shared in recent days. Eight assets made the cut. The order ran HYPE, BNB, Solana (SOL), Bitcoin (BTC), Cardano (ADA), XRP, Ethereum (ETH) and Uniswap (UNI), with Bitcoin fourth and Ethereum seventh in the field. The list put Hyperliquid first on fundamentals, and the Hyperliquid (HYPE) price at the time the ranking circulated sat just above $80, roughly 18% below the all-time high near $100 the token reached earlier in 2026. Ju traced the optimism to the token's tokenomics, and to one design choice above the rest: the protocol directs part of the fees its platform generates toward buying HYPE back on the open market. Hyperliquid runs its order book on its own mainnet, so that fee revenue accrues on-chain and converts into standing buy-side demand without an intermediary. In theory the structure gives the token a recurring demand source tied directly to protocol activity, the kind of mechanism analysts treat as price-supportive rather than speculative. The ranking is a reading of direction, not a forecast. “Most optimistic” means observers judge the bullish case, built on fundamentals and token design, to be the strongest of the eight assets, and it says nothing about whether HYPE rises from here. A second reading surfaced in the same thread. Analyst Ali Martinez replied that HYPE looks “bearish from a contrarian perspective.” When sentiment crowds into one side of a trade, the crowded side can work as a reverse indicator, a sign the asset is overheated or exposed to a short-term correction. Both readings now attach to the same token at the same level.

TD Sequential, the 100-Day EMA and a Whale Deposit

The analysts commenting on the list attached levels to their views. Martinez flagged a fresh TD Sequential buy signal, a candlestick-based timing pattern that prints after a counted sequence of price bars, and noted that the signal before it was followed by a rebound of about 11%. If a comparable move repeats, his map puts HYPE at $86 first and then at resistance near $93. Jelle offered a second frame: HYPE is testing its 100-day exponential moving average and has bounced there so far. He called the drop steeper than expected, but held that the longer-term trend is unchanged as long as the June high near $76 keeps holding. The fuller level map sits in our Hyperliquid technical analysis. The buyback expectation is the load-bearing part of the bullish argument. Fees collected across the platform's trading activity are partially recycled into open-market purchases, so the demand channel strengthens when usage rises and fades when it falls. The backdrop behind these views was unsteady. The wider crypto market has been fragile, and the month has not delivered the strength part of the market had expected from it. On-chain data carries the supply-side thread. An anonymous investor accumulated 257,928 HYPE at roughly $3.5 per token in late 2024 and has since moved more than 230,000 of those coins to Kraken. If a sale at recent levels accompanied the transfer, the realized profit would approach $20 million; what the on-chain record confirms so far is the deposit, not a completed sale. Trading conditions around the ranking were uneven as well. A recent session had shown HYPE slipping to $78 while daily volume thinned, and leverage on the venue has been under pressure, with a $97.87 million Bitcoin long sitting close to liquidation.

What the Optimism Ranking Actually Measures

A sentiment rank measures what analysts are saying, not what a token then does. The structural case that earned HYPE the top spot, fee-funded buybacks converting platform activity into standing demand, is durable; crowded optimism is not, which is why Martinez reads the same list as a warning. Positioning adds a counterpoint: our related tracking shows top traders flip 87% short across the leading order-book venues, so derivatives positioning and sentiment are pointing in different directions. The claim the ranking leaves on the table is measurable. From a base just above $80, HYPE sits about 18% under the $100 all-time high it set earlier this year, and the June floor near $76 is where the long-term argument would be tested.