Hyperliquid's HYPE token has slightly moved ahead of Dogecoin in CoinMarketCap's market-cap rankings after reaching a new all-time high above $64 on May 24. CoinMarketCap listed Hyperliquid at about $16.03 billion in market cap versus Dogecoin at about $15.87 billion, with 24-hour volume of $1.11 billion for HYPE and roughly $591.7 million for DOGE. The gap remains narrow, and the ordering can shift with price feeds and circulating-supply calculations.

Lighter (LIT) climbed 11% at press time after a pullback linked to the SEC continuing to delay approval for tokenized stock trading. Protocol activity strengthened, with fees reaching about $152,000 on May 23 and TVL rising to roughly $149 million. Derivatives demand also increased as Open Interest jumped about $29.9 million to $249 million, while Binance posted $69.82 million in LIT volume.

Market expert Sam Daodu says several large-cap tokens—including XRP, Ethereum, Solana and Chainlink—look "undervalued" compared with on-chain activity and infrastructure growth. He notes ETH trades about 57% below its August 2025 high of $4,946 and argues Ethereum's DeFi scale and planned Glamsterdam upgrade (mid-2026) could be catalysts. The report also highlights XRP's $1.30–$1.50 range in 2026, the May 14 CLARITY Act committee vote (15-9), SOL's drop from $295 to $85, and LINK around $9.50 versus $52.99.

Hyperliquid’s HYPE is approaching the $64 area after a 37% weekly surge and a near-2% gain this week, while the RSI is already overbought. The market is watching a 7.88 million HYPE unlock scheduled for this week, framed as nearly $500 million of potential selling pressure. Spot activity and reported whale buying, alongside $1.16 billion in buybacks, are being cited as support that could offset supply.

The XRP Ledger community is nearing an operational deadline: in less than 36 hours, nodes and validators running versions older than XRPL 3.1.3 are expected to be cut off from the network. Vet (@Vet_X0) urged infrastructure providers, DEXs, and NFT marketplaces to upgrade, noting that only 40% of the network had updated at the time of the warning. The issue affects service operators rather than everyday XRP holders, and access should resume once affected servers update.

XRP Ledger payment activity spiked between May 19 and May 22, when XRPScan data shows the count of payments between accounts rose from about 766,051 to more than 1.22 million. Over the same window, payment volume moved only from roughly 434.9 million to 486.2 million, leaving the scale of the jump under scrutiny. Separately, Ali Martinez said large XRP transactions over $1 million fell from 157 to 67 by May 23, while XRP traded in a $1.3–$1.4 range.

Hedera has rolled out a five-week AI agent bounty on the HBAR Network, offering $500 to $1,500 per task and asking builders to ship agents that execute real on-chain transactions. Santiment data shows Hedera ranked #2 in notable development activity over the past 30 days, while HBAR remains below $0.09 despite a 1% 24-hour rise and $36.52 million Monday volume. Chart commentary points to support near $0.088–$0.089, with $0.143 as a key upside level and $0.078 cited as a lower Bollinger Band area if support fails.

$ESPORTS dropped more than 92% on 25 May, erasing over $110m in market value as commentators pointed to heavy token transfers and exchange deposits ahead of the move. The price slid from around $0.69 to nearly $0.05 in one daily candle, with liquidations above $6m including more than $5.2m in longs. The project team had not publicly addressed the allegations at the time of writing.