Wrapped HYPE is a wrapped, ERC-20-compatible representation of Hyperliquid's native HYPE token, designed to enable HYPE usage within HyperEVM smart contracts and DeFi protocols. Unlike a standalone asset, WHYPE is fundamentally a transport and composability layer—its upside is entirely dependent on Hyperliquid's growth as a trading and financial infrastructure platform. The maximum price potential is best understood through market capitalization scenarios rather than isolated price targets, because WHYPE's supply structure is the critical multiplier.