Crypto markets this week showed a clear divergence between sectors, with infrastructure projects, privacy focused assets and exchange related tokens attracting capital while several previously popular altcoins lagged behind. The latest development sees former BitMEX CEO Arthur Hayes revealing a focused portfolio strategy built around three major themes: $HYPE for trading fees, zcash coin for privacy, and $NEAR for AI infrastructure. As reported by Whale Factor, traders reacted within minutes after his comments spread online, with the market seeing instant momentum after the public endorsement. Trading volume surged across all three assets, with short sellers rushing to close positions as prices climbed rapidly. Hayes rarely takes random positions, his strategy usually follows macro trends and market psychology, making this focused approach particularly significant for market direction.
Hyperliquid's native token HYPE remained the focal point after climbing to a fresh record above $63 over the weekend, according to Yellow. The token had already hit $62.24 on May 21 before breaking higher, extending a multi week rally that has made it the standout performer across major digital assets. Alongside HYPE, modular infrastructure projects such as Celestia gained renewed attention, with the TIA token currently priced around $0.43 and managing to close above a key resistance zone in recent sessions. According to CryptoRank, Celestia's $TIA token is currently priced around $0.43 with roughly $26 million in 24 hour volume and a circulating supply of about 921.6 million tokens, which describes Celestia as "a modular data availability network enabling easy blockchain launches." The token rallied by more than 20% and managed to close above a key resistance zone, suggesting that traders are once again leaning into the modular blockchain thesis.
The biggest attention moved toward zcash coin, which saw trading volume explode after Arthur Hayes publicly backed the asset. As reported by Whale Factor, the sudden interest from Hayes pushed zcash coin back into conversations across crypto communities, with traders now wondering if privacy crypto could become the next big sector rotation. Short liquidations increased rapidly as traders rushed into momentum positions, with many investors now viewing zcash coin as an undervalued privacy play. Privacy-focused assets have struggled for years because of regulations and exchange restrictions, but Hayes' endorsement has revived debates around financial freedom and decentralized privacy tools. Zcash coin offers optional privacy features that differentiate it from most cryptocurrencies, with supporters arguing that financial privacy should remain a core blockchain principle. The renewed attention also revived debates around regulatory challenges, though traders currently focus more on momentum than long-term concerns.
$NEAR focuses heavily on AI infrastructure and decentralized computing, benefiting from the expanding narrative around AI growth in blockchain projects. As reported by Whale Factor, AI remains one of the strongest narratives in technology markets, with crypto investors continuing to search for blockchain projects connected to AI growth. SoSoValue data shows Bitcoin and Ethereum (ETH)-focused Exchange Traded Funds (ETFs) recorded roughly $1.26 billion and $216 million in outflows last week, respectively, while Hyperliquid (HYPE) led institutional demand with $72 million in inflows. The current market rotation has identified HYPE and AI tokens as the clear leaders, with capital flowing into these themes as the majors remain range-bound. Bitcoin (BTC) holds above $77,000 at press time, while mid-tier crypto tokens DeXe (DEXE), Stable (STABLE), and Humanity (H) have posted double-digit gains over the last 24 hours, likely driven by renewed hopes that the Strait of Hormuz will reopen.
DeXe (DEXE) trades above $15.00 at the time of writing on Monday, holding steady after a 12% jump the previous day. The token maintains a clear bullish bias, with price holding well above the 50-day Exponential Moving Average (EMA) at $11.78 and the 100- and 200-day EMAs at $9.68 and $8.12, respectively, reinforcing a medium-term uptrend. Momentum remains constructive, with the Relative Strength Index (RSI) near 68 approaching overbought territory and the Moving Average Convergence Divergence (MACD) line rising in positive territory above its signal line, hinting that buyers still have the upper hand even if upside could become increasingly stretched. The next notable resistance aligns with the prior cycle high at $16.24 on April 19, where bulls may face a more meaningful test. On the downside, initial support is located at the 78.6% Fibonacci retracement at $14.87, measured from $16.24 to $9.81, followed by a deeper cushion at the 50% retracement around $13.03.
