The source says HYPE reached a market capitalization of $16.05 billion, surpassing Dogecoin at $15.73 billion in the latest ranking shift.
Hyperliquid’s HYPE token moved ahead of Dogecoin by market capitalization, according to the source provided. The post states that HYPE reached $16.05 billion, while Dogecoin stood at $15.73 billion. Market capitalization measures a token’s total circulating value and is commonly used to compare the relative size of crypto assets, though rankings can change quickly with price movements.