The HYPE token associated with Hyperliquid has experienced a significant increase of 5% in its value, largely driven by the financial windfall generated from the ongoing war in Iran, which has created unique market conditions. Meanwhile, the JUP cryptocurrency is also seeing positive momentum as a result of the recent supply freeze, which has contributed to its gains in the current market landscape.
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