Hyperliquid's HYPE token jumps 5% as Iran war brings windfall revenue, JUP gains on supply freeze

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Traders 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.

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

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