Bitwise Labels HYPE a 'Gen 2' Crypto Token and Calls It Undervalued!

Bitwise Asset Management has flagged Hyperliquid's HYPE token as a 'Generation 2' crypto asset and argued the market is not yet pricing it correctly. The 'Gen 2' framing is a meaningful distinction — it implies HYPE belongs to a cohort of tokens that combine real protocol revenue, native utility…