HYPE and privacy coins rally amid broader market weakness

While major cryptocurrencies like BTC, ETH, and SOL are trending lower, tokens from derivatives protocols such as HYPE and LIT, along with privacy and quantum-resistant coins, are showing strength, CoinDesk reported. Tokens like HYPE have recently surged by over 40%, driven by an increase in decentralized perpetual futures trading volume and high fee revenue. Additionally, privacy and quantum-resistant coins including ZEC, QRL, and STRK have also been on the rise. Market analysis suggests that the spread of AI, increased surveillance, and concerns over quantum computing risks are fueling the narrative for these assets.