Hyperliquid Flips Dogecoin: Meme Coin Shakeup May 2026

Hyperliquid's HYPE token briefly overtook Dogecoin in market capitalization during May 2026. The flip placed HYPE at the No. 9 crypto ranking with a $16.

Dipendra Singh

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Hyperliquid Flips Dogecoin: Meme Coin Shakeup May 2026

Hero: A dramatic digital illustration showing Hyperliquid's HYPE token overtaking Dogecoin in a glowing market cap leaderboard during volatile Asian trading hours in May 2026, with red and green candlestick charts swirling around them

Summary

  • Hyperliquid's HYPE token briefly overtook Dogecoin in market capitalization during May 2026.
  • The flip placed HYPE at the No. 9 crypto ranking with a $16.03 billion market cap.
  • Broader market volatility from US strikes on Iran contributed to the rapid shift.

Hyperliquid's HYPE token briefly overtook Dogecoin in market cap during Asian

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