The cryptocurrency market has experienced considerable selling pressure in recent weeks, with Bitcoin dropping to around $60,000 before recovering slightly.
The majority of major altcoins, including Ethereum and Solana, also experienced a decline. However, amidst the overall market decline, some tokens are moving in the opposite direction and attracting the attention of investors.
Two projects that stand out in this regard are Hyperliquid’s HYPE token and Canton’s CC token, which are showing slight gains despite most of the market still being in the red.
Hyperliquid (HYPE) Strengthens Thanks to High Platform Activity
Hyperliquid’s native token, HYPE, saw a spike of around 50% in the last two weeks, taking the spotlight amidst the downturn that hit many other crypto assets.
HYPE’s price rise appears to be driven by increased activity on Hyperliquid’s trading platform. Recently, the exchange managed to capture a significant share of global silver trading volume after listing the asset, which directly increased trading demand. Since all transaction fees on the platform are paid using HYPE, the surge in activity automatically increases demand for the token.
Attention from large institutions has also strengthened market sentiment, with several prominent asset managers reportedly exploring applying for ETF funds tied to the project. In addition, new integrations with other blockchain ecosystems are expanding trading access, increasing liquidity and visibility of the token.
Recent updates to the platform that allow traders to hedge using shared margin have also improved trading efficiency. This has led to higher daily transaction volumes, increased open interest, and stronger daily platform revenue – all factors that have contributed to the token’s price increase despite a generally sluggish crypto market.
Canton (CC) Strengthens as Institutional Adoption Rises
Another token outperforming the market is Canton’s CC, which recently hit an all-time high price and is up more than 30% in recent weeks.
Unlike many crypto projects that target retail users, Canton is specifically designed for the institutional finance sector. Several large financial institutions, including top global banks and financial infrastructure providers, have already built or tested the network. The platform is also being used in various tokenization initiatives, such as digital government bonds, further strengthening its relevance among institutions.
One of the main factors driving the performance of this token is the supply reduction mechanism. Every transaction using the network’s “global synchronizer” system requires the burning of CC tokens, which gradually reduces the circulating supply. With hundreds of thousands of transactions every day, this mechanism creates upward pressure on the price, especially as institutional activity continues to increase.
Reference:
- Coinpedia. Why Smart Money Is Buying These Two Altcoins During the Bitcoin Selloff. Accessed on February 6, 2026
Originally written by: Deswita Zela
Source: Pintu News
Published on: 8 February 2026
Link to original article: Despite the Crypto Crash, These 2 Altcoins Are on the Rise
