PulseX Incentive Token vs Hyperliquid

PulseX Incentive Token (INC) and Hyperliquid (HYPE) compared side by side. Over the past 30 days, HYPE is ahead by 31.9 percentage points (INC -37.9% against HYPE -6.0%). Their daily returns move barely together (correlation 0.28 across 34 shared trading days). INC has been the more volatile of the two, at 145% annualised against HYPE's 82%.

Correlation: 0.28
Ahead over 30 days: HYPE

PulseX Incentive TokenINC

$0.237071

24h: +3.05%
Market cap: —
Volume 24h: $36,318
Volatility (ann.): 145%

HyperliquidHYPE

$84.5800

24h: -1.65%
Market cap: $20.32B
Volume 24h: $1.42B
Volatility (ann.): 82%

INC 0.0%Share of the two combined market caps100.0% HYPE

Performance

INCHYPE

7 days+8.01%+4.65%INC
30 days-37.94%-6.04%HYPE

Correlation

0.28over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2790d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	INC	HYPE
Max drawdown (400d)	-48.2%	-18.9%
Risk-adjusted return (90d)	-0.27	0.58

Relative strength over 90 days: HYPE outperformed INC by 37.3% — measured on the INC/HYPE ratio, so it holds regardless of market direction.

PulseX Incentive Token →Hyperliquid →