Hyperliquid’s HYPE token and Morpho (MORPHO) are positioned among the top crypto picks as the Fear and Greed Index climbs and institutional inflows into spot Bitcoin ETFs accelerate. Hyperliquid has become the dominant perpetual futures platform, processing nearly $200 billion in monthly volume — surpassing the combined volume of Uniswap and PancakeSwap. The platform generated over $50 million in fees in the last 30 days, marking one of the highest revenue levels in the industry. Upcoming catalysts include the launch of its prediction platform Outcomes and ETF filings by 21Shares and Grayscale. HYPE’s price has already doubled from its January low.
Morpho has also surged nearly 100% from its 2025 lows, driven by significant partnerships with Apollo Global and Coinbase. The protocol’s total value locked (TVL) has reached $6.9 billion, reflecting growing demand for crypto lending. Technically, MORPHO is trading above its 50-day and 100-day EMAs, with a key resistance at $2.0740 — a breakout above which would invalidate a double-top pattern and signal further upside.
Bitcoin remains a must-have asset, forming an ascending triangle pattern with the Supertrend indicator flipping bullish. Whales continue accumulating, and spot Bitcoin ETFs added over $1.8 billion in April alone — up from $1.3 billion in the prior month. Meanwhile, Bitmine loaded $230 million worth of Ethereum in a single week, purchasing 101,627 ETH on April 20, bringing its total holdings close to 5 million ETH. This institutional accumulation supports strong market momentum for the leading cryptocurrencies.
Among meme coins, Bonk (BONK) gained 4.2% in 24 hours to $0.0000063 as Solana rallied, while Floki (FLOKI) held near $0.000033 after shipping its first batch of Minibots. However, both remain significantly below their all-time highs. In contrast, Pepeto, a meme coin with a functional exchange, raised over $9.45 million in presale and claims 267x potential from its entry price to listing, though this projection is unverified.
