Hyperliquid's HYPE token jumps 5% as Iran war brings windfall revenue, JUP gains on supply freeze
Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enMarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailHyperliquid's HYPE token jumps 5% as Iran war brings windfall revenue, JUP gains on supply freezeTraders lean into supply compression stories in altcoins as Hyperliquid ramps up token burns and Jupiter freezes new emissions, even as bitcoin churns between $60,000 and $69,000 with muted flow.By Sam Reynolds|Edited by Omkar GodboleUpdated Mar 2, 2026, 4:40 a.m. Published Mar 2, 2026, 4:34 a.m. Make us preferred on GoogleWhat to know: Hyperliquid’s HYPE token rose about 5% as surging trading activity, especially in oil futures, boosted fee revenue and accelerated token buy-backs and burns even as bitcoin and the broader crypto market declined.The protocol generated $2.8 million in fees over the past 24 hours and over $13 million in the past
Source: https://www.coindesk.com/markets/2026/03/02/hype-jumps-5-as-token-burn-offsets-usd316-million-unlock-jup-gains-weekly-on-supply-freeze
