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\"\" DERIVASYS

Focused research note

HYPE ATM volatility eases as XRP reprices higher

HYPE's ATM volatility decline contrasts with XRP's increase at both 1W and 1M, while AVAX eases and TRX barely changes. This is differentiated repricing across altcoins, not uniform volatility relief: HYPE's 1W premium over 1M persists, and its 1M directional skew turns marginally negative despite lower ATM volatility.

Derivasys Research

Report date07 Nov 2026
Current snapshot07 Nov 2026 · 17:31 UTC
CoverageXRP, HYPE, AVAX, TRX
Comparison snapshot06 Nov 2026 · 17:31 UTC

The reading

What the evidence says

ATM means at-the-money implied volatility, and the matched-tenor comparison shows sharply different repricing across the cohort. Over each asset's native daily comparison, HYPE 1W ATM IV changed by -8.96 vol points [1] to 57.51% [2], while its 1M ATM IV changed by -6.39 vol points [3] to 54.26% [4]. HYPE 2W ATM IV also changed by -7.64 vol points [5], supporting easing beyond 1W, although the current 1W level remains above 1M. XRP moved oppositely: 1W ATM IV changed by +2.12 vol points [6] to 56.33% [7], and 1M changed by +2.02 vol points [8] to 53.39% [9]. AVAX 1W ATM IV changed by -2.32 vol points [10] to 65.34% [11], with 1M changing by -2.36 vol points [12] to 65.38% [13]. TRX was comparatively stable: 1W changed by +0.47 vol points [14] to 29.96% [15], and 1M by +0.19 vol points [16] to 27.91% [17]. HYPE's 1M absolute-move rank was 100th percentile [18] in its rolling-window comparison, 30 observations (observed sampling; 08 Oct 2026–06 Nov 2026) [18]; that ranks magnitude, not direction or the joint cross-asset configuration.

RR25 measures call-versus-put IV asymmetry, so lower ATM IV need not mean less downside-sensitive pricing. HYPE 1M RR25 changed by -2.57 vol points [19] to -0.10 vol points [20], crossing from positive to marginally negative. Its 1W RR25 changed by -0.25 vol points [21] to 0.10 vol points [22], remaining marginally positive. XRP's higher ATM IV accompanied relief in an existing downside bias: 1W RR25 changed by +2.25 vol points [23] to -2.04 vol points [24], while 1M changed by +1.26 vol points [25] to -1.90 vol points [26]. AVAX's tenor divergence was different: 1W RR25 changed by +0.47 vol points [27] to -0.23 vol points [28], remaining negative, whereas 1M changed by -2.33 vol points [29] to 0.02 vol points [30], leaving only a marginal positive asymmetry. TRX's 1W RR25 changed by -1.42 vol points [31] to 0.75 vol points [32]; its 1M changed by -0.13 vol points [33] to 1.00 vol points [34], retaining positive asymmetry at each tenor. These matched 1M results separate HYPE's marginal sign crossing, XRP's downside-skew relief, AVAX's loss of positive skew and TRX's smaller adjustment.

BF25 is the average wing IV premium over ATM, rather than absolute wing IV or directional bias. Its tenor pattern further qualifies HYPE's ATM easing: HYPE 1W BF25 changed by +0.26 vol points [35] to 1.84 vol points [36], and 2W changed by +0.08 vol points [37] to 1.69 vol points [38], while 1M changed by -0.20 vol points [39] to 1.54 vol points [40]. Relative wing premiums therefore widened at 1W and 2W but narrowed at 1M. XRP also had a middle-tenor exception: its 1W BF25 changed by -0.02 vol points [41] to 2.21 vol points [42], its 2W changed by +0.08 vol points [43] to 2.16 vol points [44], and its 1M changed by -0.31 vol points [45] to 1.90 vol points [46]. The negligible 1W change does not describe the larger 1M narrowing. AVAX's premiums narrowed across the supplied adjacent tenors: 1W changed by -0.08 vol points [47] to 1.82 vol points [48], 2W by -0.08 vol points [49] to 1.77 vol points [50], and 1M by -0.15 vol points [51] to 1.79 vol points [52]. TRX moved oppositely across these tenors: 1W BF25 changed by +0.29 vol points [53] to 1.70 vol points [54], 2W by +0.18 vol points [55] to 1.65 vol points [56], and 1M by +0.10 vol points [57] to 1.61 vol points [58]. Stable TRX ATM IV thus coexisted with broader relative-wing repricing.

Spot and realized volatility show why the ATM differences should not be read as a uniform response to falling prices. XRP's native daily spot return was -2.55% [59], against trailing realized volatility of 54.73% [60] and a forward 1W IV-minus-trailing-RV spread of +1.60 vol points [61]. HYPE's corresponding spot return was -1.14% [62], realized volatility 75.52% [63], and spread -18.01 vol points [64]. AVAX spot returned -2.07% [65], with realized volatility 66.54% [66] and spread -1.20 vol points [67]. TRX spot returned +0.32% [68], with realized volatility 31.63% [69] and spread -1.67 vol points [70]. HYPE therefore combines falling spot, lower forward 1W ATM IV and a negative comparison with trailing realized volatility; XRP combines falling spot with higher forward 1W ATM IV and a positive spread. These spreads compare different periods and establish neither forecasts nor trading value. The broader market offers a similarly qualified backdrop: across the prior-to-current matched market sessions, SPX changed by +0.31% [71] and VIX by -2.54 index points [72]. That session's equity relief provides context for HYPE's 1W and 1M ATM easing, but XRP's opposite matched-tenor moves prevent a blanket relief interpretation. Cointelegraph likewise reported crypto weakness despite a technology-stock rebound; its rates explanation remains attributed commentary and does not establish the cause of this altcoin divergence.

Qualifications and limits

  • Native crypto daily endpoints and the prior-to-current equity sessions use different trading clocks; the equity close precedes the crypto endpoint. Historical ranks describe selected observed samples with gaps, not population rarity or joint significance.
  • Trailing realized volatility is recomputed from canonical minute returns over the common trailing weekly window, with complete observed coverage and an annualized calendar-day basis. Forward 1W IV covers a different period, so its spread to trailing volatility is descriptive.
  • Options quotes and coincident headlines do not identify order flow, positioning or causation. Relative butterfly premiums do not establish absolute wing-IV changes.

Verified market snapshot

Current levels and changes over each recorded native interval. Only receipt-matched quotes are shown; an em dash marks a missing matching quote.
Asset · tenorATM IVATM IV changeRR25RR25 changeBF25 change
AVAX · 1W65.34 %[11]-2.32 vol pts[10]-0.23 vol pts[28]0.47 vol pts[27]-0.08 vol pts[47]
AVAX · 2W65.82 %[73]-1.77 vol pts[74]1.23 vol pts[75]-0.05 vol pts[76]-0.08 vol pts[49]
AVAX · 1M65.38 %[13]-2.36 vol pts[12]0.02 vol pts[30]-2.33 vol pts[29]-0.15 vol pts[51]
HYPE · 1W57.51 %[2]-8.96 vol pts[1]0.10 vol pts[22]-0.25 vol pts[21]0.26 vol pts[35]
HYPE · 2W56.08 %[77]-7.64 vol pts[5]-0.45 vol pts[78]-1.71 vol pts[79]0.08 vol pts[37]
HYPE · 1M54.26 %[4]-6.39 vol pts[3]-0.10 vol pts[20]-2.57 vol pts[19]-0.20 vol pts[39]
TRX · 1W29.96 %[15]0.47 vol pts[14]0.75 vol pts[32]-1.42 vol pts[31]0.29 vol pts[53]
TRX · 2W28.62 %[80]-0.14 vol pts[81]1.63 vol pts[82]0.29 vol pts[83]0.18 vol pts[55]
TRX · 1M27.91 %[17]0.19 vol pts[16]1.00 vol pts[34]-0.13 vol pts[33]0.10 vol pts[57]
TRX · 3M27.38 %[84]-0.06 vol pts[85]0.81 vol pts[86]-0.11 vol pts[87]0.00 vol pts[88]
XRP · 1W56.33 %[7]2.12 vol pts[6]-2.04 vol pts[24]2.25 vol pts[23]-0.02 vol pts[41]
XRP · 2W55.04 %[89]1.53 vol pts[90]-1.68 vol pts[91]1.21 vol pts[92]0.08 vol pts[43]
XRP · 1M53.39 %[9]2.02 vol pts[8]-1.90 vol pts[26]1.26 vol pts[25]-0.31 vol pts[45]

Weekly versus monthly curve

Matched native endpoints; inverted means monthly ATM IV is below weekly ATM IV. Regimes compare verified levels; no numerical slope is inferred.
AssetPrior 1WPrior 1MCurrent 1WCurrent 1MCurve regime
XRP54.21 % [93]51.37 % [94]56.33 % [7]53.39 % [9]Remained inverted
HYPE66.47 % [95]60.65 % [96]57.51 % [2]54.26 % [4]Remained inverted
AVAX67.66 % [97]67.74 % [98]65.34 % [11]65.38 % [13]Remained upward sloping
TRX29.49 % [99]27.72 % [100]29.96 % [15]27.91 % [17]Remained inverted
Recent ATM curve history

One-month minus one-week at-the-money implied volatility. Negative values mean an inverted curve. Each row retains its native observation time; missing days are not filled.

AssetNative observation (UTC)1M minus 1W ATM IV
XRP2026-11-07T17:31:00+00:00-2.94 vol pts [101]
XRP2026-11-06T17:31:00+00:00-2.84 vol pts [102]
XRP2026-11-05T17:31:00+00:00-5.57 vol pts [103]
XRP2026-11-04T17:31:00+00:00+1.66 vol pts [104]
HYPE2026-11-07T17:31:00+00:00-3.25 vol pts [105]
HYPE2026-11-06T17:31:00+00:00-5.82 vol pts [106]
HYPE2026-11-05T17:31:00+00:00-2.79 vol pts [107]
HYPE2026-11-04T17:31:00+00:00-4.13 vol pts [108]
AVAX2026-11-07T17:31:00+00:00+0.04 vol pts [109]
AVAX2026-11-06T17:31:00+00:00+0.08 vol pts [110]
AVAX2026-11-05T17:31:00+00:00+2.25 vol pts [111]
AVAX2026-11-04T17:31:00+00:00+0.54 vol pts [112]
TRX2026-11-07T17:31:00+00:00-2.05 vol pts [113]
TRX2026-11-06T17:31:00+00:00-1.77 vol pts [114]
TRX2026-11-05T17:31:00+00:00-3.86 vol pts [115]
TRX2026-11-04T17:31:00+00:00-3.72 vol pts [116]

1W ATM IV move comparison

1W ATM IV move comparison-9.00 vol pts0.00 vol pts9.00 vol ptsXRPXRP · Change: 2.12 vol pts2.12HYPEHYPE · Change: -8.96 vol pts-8.96AVAXAVAX · Change: -2.32 vol pts-2.32TRXTRX · Change: 0.47 vol pts0.47
Change. Common recorded native interval and eligible cohort only.

HYPE: size of daily changes in the 1-month at-the-money implied volatility

HYPE: size of daily changes in the 1-month at-the-money implied volatility6.39 vol pts4.80 vol pts3.22 vol pts1.63 vol pts0.05 vol pts2026-10-18T17:31:00+00:00: 0.05 vol pts2026-10-26T17:31:00+00:00: 0.08 vol pts2026-10-13T17:31:00+00:00: 0.09 vol pts2026-10-12T17:31:00+00:00: 0.16 vol pts2026-10-31T17:31:00+00:00: 0.30 vol pts2026-10-28T17:31:00+00:00: 0.35 vol pts2026-10-30T17:31:00+00:00: 0.39 vol pts2026-10-24T17:31:00+00:00: 0.41 vol pts2026-10-23T17:31:00+00:00: 0.47 vol pts2026-10-19T17:31:00+00:00: 0.52 vol pts2026-10-22T17:31:00+00:00: 0.56 vol pts2026-10-14T17:31:00+00:00: 0.80 vol pts2026-10-16T17:31:00+00:00: 0.96 vol pts2026-10-08T17:31:00+00:00: 1.02 vol pts2026-10-20T17:31:00+00:00: 1.04 vol pts2026-10-15T17:31:00+00:00: 1.41 vol pts2026-10-27T17:31:00+00:00: 1.51 vol pts2026-10-25T17:31:00+00:00: 1.52 vol pts2026-10-17T17:31:00+00:00: 1.62 vol pts2026-10-10T17:31:00+00:00: 1.64 vol pts2026-10-09T17:31:00+00:00: 1.68 vol pts2026-10-21T17:31:00+00:00: 1.88 vol pts2026-10-11T17:31:00+00:00: 1.97 vol pts2026-11-03T17:31:00+00:00: 2.21 vol pts2026-11-06T17:31:00+00:00: 2.29 vol pts2026-11-01T17:31:00+00:00: 2.72 vol pts2026-11-02T17:31:00+00:00: 2.72 vol pts2026-10-29T17:31:00+00:00: 2.80 vol pts2026-11-04T17:31:00+00:00: 3.16 vol pts2026-11-05T17:31:00+00:00: 4.35 vol ptsCurrent statistic: 6.39 vol ptsSample rank (ordered by value)
Observed samples in teal. Current statistic: 6.39 vol pts (red). Change sizes ignore direction: increases and decreases of the same size are ranked together. n=30; 2026-10-08 to 2026-11-06; source-selected observed sample, no fill.

[18]

BF25 change by tenor

BF25 change by tenor-0.40 vol pts0.00 vol pts0.40 vol pts1W1W · XRP · 06 Nov 2026 · 17:31 UTC → 07 Nov 2026 · 17:31 UTC · 24h: -0.02 vol pts-0.021W · HYPE · 06 Nov 2026 · 17:31 UTC → 07 Nov 2026 · 17:31 UTC · 24h: 0.26 vol pts0.261W · AVAX · 06 Nov 2026 · 17:31 UTC → 07 Nov 2026 · 17:31 UTC · 24h: -0.08 vol pts-0.081W · TRX · 06 Nov 2026 · 17:31 UTC → 07 Nov 2026 · 17:31 UTC · 24h: 0.29 vol pts0.292W2W · XRP · 06 Nov 2026 · 17:31 UTC → 07 Nov 2026 · 17:31 UTC · 24h: 0.08 vol pts0.082W · HYPE · 06 Nov 2026 · 17:31 UTC → 07 Nov 2026 · 17:31 UTC · 24h: 0.08 vol pts0.082W · AVAX · 06 Nov 2026 · 17:31 UTC → 07 Nov 2026 · 17:31 UTC · 24h: -0.08 vol pts-0.082W · TRX · 06 Nov 2026 · 17:31 UTC → 07 Nov 2026 · 17:31 UTC · 24h: 0.18 vol pts0.181M1M · XRP · 06 Nov 2026 · 17:31 UTC → 07 Nov 2026 · 17:31 UTC · 24h: -0.31 vol pts-0.311M · HYPE · 06 Nov 2026 · 17:31 UTC → 07 Nov 2026 · 17:31 UTC · 24h: -0.20 vol pts-0.201M · AVAX · 06 Nov 2026 · 17:31 UTC → 07 Nov 2026 · 17:31 UTC · 24h: -0.15 vol pts-0.151M · TRX · 06 Nov 2026 · 17:31 UTC → 07 Nov 2026 · 17:31 UTC · 24h: 0.10 vol pts0.10
XRP · 06 Nov 2026 · 17:31 UTC → 07 Nov 2026 · 17:31 UTC · 24h · HYPE · 06 Nov 2026 · 17:31 UTC → 07 Nov 2026 · 17:31 UTC · 24h · AVAX · 06 Nov 2026 · 17:31 UTC → 07 Nov 2026 · 17:31 UTC · 24h · TRX · 06 Nov 2026 · 17:31 UTC → 07 Nov 2026 · 17:31 UTC · 24h. Own-run receipt-matched changes; missing or ambiguous points remain gaps.

Figure evidence: [41] [43] [45] [35] [37] [39] [47] [49] [51] [53] [55] [57]

What to watch next

Each monitor describes a verified component or central counterexample of the selected story; observation tests, not a joint forecast.
Story componentNext snapshotObserved conditionComparison periodEvidence
XRP · 1W ATM implied volatility08 Nov 2026 · 17:31 UTCCurrent level: at or above 56.33 % (current level).
Between current and prior: strictly below 56.33 % and strictly above 54.21 %.
Prior level: at or below 54.21 % (prior level).		06 Nov 2026 · 17:31 UTC → 07 Nov 2026 · 17:31 UTC[7] [93] [6]
TRX · 1W ATM implied volatility08 Nov 2026 · 17:31 UTCCurrent level: at or above 29.96 % (current level).
Between current and prior: strictly below 29.96 % and strictly above 29.49 %.
Prior level: at or below 29.49 % (prior level).		06 Nov 2026 · 17:31 UTC → 07 Nov 2026 · 17:31 UTC[15] [99] [14]
XRP · 1M ATM implied volatility08 Nov 2026 · 17:31 UTCCurrent level: at or above 53.39 % (current level).
Between current and prior: strictly below 53.39 % and strictly above 51.37 %.
Prior level: at or below 51.37 % (prior level).		06 Nov 2026 · 17:31 UTC → 07 Nov 2026 · 17:31 UTC[9] [94] [8]
Historical sampling methodology

Each rank describes its supplied population. Exact consecutive daily endpoints use fixed UTC anchors and 24 elapsed hours, including across daylight-saving changes. Missing pairs are omitted without interpolation; their absence does not establish why the provider omitted them. Full captured history is bounded by this run. Different captures and windows can have different denominators even when their ranks agree.

MeasurePopulationObserved pairs or levelsRequested windowExcluded pair or level endpoints
HYPE 1M.atmIv.absolute_move[18]rolling 30 calendar days (UTC)302026-10-07T17:31:00+00:00 to 2026-11-06T17:31:00+00:00None

Source reporting

BF25 = (25-delta call IV + 25-delta put IV) / 2 − ATM IV. Levels and changes are measured in volatility points.

Retrospective report: native market dates are distinct from later retrieval and run clocks. Later capture does not establish availability at the original cutoff.

Source notes

[1] HYPE 1W ATM IV difference

-8.96 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[2] HYPE 1W ATM IV

57.51 %

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[3] HYPE 1M ATM IV difference

-6.39 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[4] HYPE 1M ATM IV

54.26 %

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[5] HYPE 2W ATM IV difference

-7.64 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[6] XRP 1W ATM IV difference

2.12 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[7] XRP 1W ATM IV

56.33 %

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[8] XRP 1M ATM IV difference

2.02 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[9] XRP 1M ATM IV

53.39 %

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[10] AVAX 1W ATM IV difference

-2.32 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[11] AVAX 1W ATM IV

65.34 %

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[12] AVAX 1M ATM IV difference

-2.36 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[13] AVAX 1M ATM IV

65.38 %

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[14] TRX 1W ATM IV difference

0.47 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[15] TRX 1W ATM IV

29.96 %

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[16] TRX 1M ATM IV difference

0.19 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[17] TRX 1M ATM IV

27.91 %

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[18] HYPE 1M ATM IV absolute move percentile

100.00 percentile

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[19] HYPE 1M RR25 difference

-2.57 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[20] HYPE 1M RR25

-0.10 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[21] HYPE 1W RR25 difference

-0.25 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[22] HYPE 1W RR25

0.10 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[23] XRP 1W RR25 difference

2.25 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[24] XRP 1W RR25

-2.04 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[25] XRP 1M RR25 difference

1.26 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[26] XRP 1M RR25

-1.90 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[27] AVAX 1W RR25 difference

0.47 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[28] AVAX 1W RR25

-0.23 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[29] AVAX 1M RR25 difference

-2.33 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[30] AVAX 1M RR25

0.02 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[31] TRX 1W RR25 difference

-1.42 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[32] TRX 1W RR25

0.75 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[33] TRX 1M RR25 difference

-0.13 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[34] TRX 1M RR25

1.00 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[35] HYPE 1W BF25 difference

0.26 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[36] HYPE 1W BF25

1.84 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[37] HYPE 2W BF25 difference

0.08 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[38] HYPE 2W BF25

1.69 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[39] HYPE 1M BF25 difference

-0.20 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[40] HYPE 1M BF25

1.54 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[41] XRP 1W BF25 difference

-0.02 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[42] XRP 1W BF25

2.21 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[43] XRP 2W BF25 difference

0.08 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[44] XRP 2W BF25

2.16 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[45] XRP 1M BF25 difference

-0.31 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[46] XRP 1M BF25

1.90 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[47] AVAX 1W BF25 difference

-0.08 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[48] AVAX 1W BF25

1.82 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[49] AVAX 2W BF25 difference

-0.08 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[50] AVAX 2W BF25

1.77 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[51] AVAX 1M BF25 difference

-0.15 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[52] AVAX 1M BF25

1.79 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[53] TRX 1W BF25 difference

0.29 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[54] TRX 1W BF25

1.70 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[55] TRX 2W BF25 difference

0.18 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[56] TRX 2W BF25

1.65 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[57] TRX 1M BF25 difference

0.10 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[58] TRX 1M BF25

1.61 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[59] XRP spotPrice percentage change

-2.55 %

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[60] XRP rv7d.recomputed

54.73 %

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[61] XRP 1W atmIv-rv7d spread

1.60 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[62] HYPE spotPrice percentage change

-1.14 %

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[63] HYPE rv7d.recomputed

75.52 %

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[64] HYPE 1W atmIv-rv7d spread

-18.01 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[65] AVAX spotPrice percentage change

-2.07 %

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[66] AVAX rv7d.recomputed

66.54 %

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[67] AVAX 1W atmIv-rv7d spread

-1.20 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[68] TRX spotPrice percentage change

0.32 %

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[69] TRX rv7d.recomputed

31.63 %

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[70] TRX 1W atmIv-rv7d spread

-1.67 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[71] SPX close percentage change

0.31 %

Source type: calculation

Observed: 2026-11-07T18:11:47.776998+00:00

[72] VIX close difference

-2.54 index points

Source type: calculation

Observed: 2026-11-07T18:11:47.776998+00:00

[73] AVAX 2W ATM IV

65.82 %

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[74] AVAX 2W ATM IV difference

-1.77 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[75] AVAX 2W RR25

1.23 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[76] AVAX 2W RR25 difference

-0.05 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[77] HYPE 2W ATM IV

56.08 %

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[78] HYPE 2W RR25

-0.45 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[79] HYPE 2W RR25 difference

-1.71 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[80] TRX 2W ATM IV

28.62 %

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[81] TRX 2W ATM IV difference

-0.14 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[82] TRX 2W RR25

1.63 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[83] TRX 2W RR25 difference

0.29 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[84] TRX 3M ATM IV

27.38 %

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[85] TRX 3M ATM IV difference

-0.06 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[86] TRX 3M RR25

0.81 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[87] TRX 3M RR25 difference

-0.11 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[88] TRX 3M BF25 difference

0.00 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[89] XRP 2W ATM IV

55.04 %

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[90] XRP 2W ATM IV difference

1.53 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[91] XRP 2W RR25

-1.68 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[92] XRP 2W RR25 difference

1.21 vol pts

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[93] XRP 1W ATM IV

54.21 %

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[94] XRP 1M ATM IV

51.37 %

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[95] HYPE 1W ATM IV

66.47 %

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[96] HYPE 1M ATM IV

60.65 %

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[97] AVAX 1W ATM IV

67.66 %

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[98] AVAX 1M ATM IV

67.74 %

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[99] TRX 1W ATM IV

29.49 %

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[100] TRX 1M ATM IV

27.72 %

Source type: calculation

Observed: 2026-11-07T17:31:00+00:00

[101] XRP 1M atmIv-1W.atmIv spread

-2.94 vol pts

Source type: calculation

Observed: 2026-11-07T18:11:49.388450+00:00

[102] XRP 1M atmIv-1W.atmIv spread

-2.84 vol pts

Source type: calculation

Observed: 2026-11-07T18:11:49.388450+00:00

[103] XRP 1M atmIv-1W.atmIv spread

-5.57 vol pts

Source type: calculation

Observed: 2026-11-07T18:11:49.388450+00:00

[104] XRP 1M atmIv-1W.atmIv spread

1.66 vol pts

Source type: calculation

Observed: 2026-11-07T18:11:49.388450+00:00

[105] HYPE 1M atmIv-1W.atmIv spread

-3.25 vol pts

Source type: calculation

Observed: 2026-11-07T18:11:49.388450+00:00

[106] HYPE 1M atmIv-1W.atmIv spread

-5.82 vol pts

Source type: calculation

Observed: 2026-11-07T18:11:49.388450+00:00

[107] HYPE 1M atmIv-1W.atmIv spread

-2.79 vol pts

Source type: calculation

Observed: 2026-11-07T18:11:49.388450+00:00

[108] HYPE 1M atmIv-1W.atmIv spread

-4.13 vol pts

Source type: calculation

Observed: 2026-11-07T18:11:49.388450+00:00

[109] AVAX 1M atmIv-1W.atmIv spread

0.04 vol pts

Source type: calculation

Observed: 2026-11-07T18:11:49.388450+00:00

[110] AVAX 1M atmIv-1W.atmIv spread

0.08 vol pts

Source type: calculation

Observed: 2026-11-07T18:11:49.388450+00:00

[111] AVAX 1M atmIv-1W.atmIv spread

2.25 vol pts

Source type: calculation

Observed: 2026-11-07T18:11:49.388450+00:00

[112] AVAX 1M atmIv-1W.atmIv spread

0.54 vol pts

Source type: calculation

Observed: 2026-11-07T18:11:49.388450+00:00

[113] TRX 1M atmIv-1W.atmIv spread

-2.05 vol pts

Source type: calculation

Observed: 2026-11-07T18:11:49.388450+00:00

[114] TRX 1M atmIv-1W.atmIv spread

-1.77 vol pts

Source type: calculation

Observed: 2026-11-07T18:11:49.388450+00:00

[115] TRX 1M atmIv-1W.atmIv spread

-3.86 vol pts

Source type: calculation

Observed: 2026-11-07T18:11:49.388450+00:00

[116] TRX 1M atmIv-1W.atmIv spread

-3.72 vol pts

Source type: calculation

Observed: 2026-11-07T18:11:49.388450+00:00

","provenance":{"canonicalReportSha256":"7c515adc87c00bc0ee8930e848e14a8c1afb50bc3382056bcbc3a1e4d80e978f","presentationSha256":"b8a60612343077090f6c7d084196d34fb4520e353dc09649b62ef42b5f535a01","reviewedReportSha256":"7c515adc87c00bc0ee8930e848e14a8c1afb50bc3382056bcbc3a1e4d80e978f","sourceHtmlSha256":"1e8a093b4e79c1eb6a362aff52f47d45924f3c26267b7520fc290ca84fd73a2d","sourceJournalSha256":"00aafaaf3ffe93b2ac774eecbf0165c1fe65d92c883d3454c91195608987d0e4"},"reportDate":"2026-11-07","schemaVersion":1,"snapshotUtc":"2026-11-07T17:31:00+00:00","summary":"HYPE's ATM volatility decline contrasts with XRP's increase at both 1W and 1M, while AVAX eases and TRX barely changes. This is differentiated repricing across altcoins, not uniform volatility relief: HYPE's 1W premium over 1M persists, and its 1M directional skew turns marginally negative despite lower ATM volatility.","title":"HYPE ATM volatility eases as XRP reprices higher"}