The cryptocurrency $HYPE has seen a notable increase of 176% since its launch, positioning it as one of the few successful recent airdrops. Sources indicate that this surge has led to growing confidence among investors, with some speculating that $HYPE could surpass established cryptocurrencies such as $SOL and $ETH. The launch of HypeVM has also been highlighted as a timely development that could further boost interest in $HYPE. The overall sentiment in the market suggests that a new wave of enthusiasm for $HYPE is emerging.