New Delhi, June 9 -- May turned into a month of surprises for the cryptocurrency market, with traders looking beyond the usual heavyweights. Some key reasons behind this shift include new investment products and institutional interest that helped several lesser-known tokens capture investor attention.

While Bitcoin and Ethereum remained under pressure in May, a different set of cryptocurrencies emerged as the month's top performers, according to data released by crypto exchange Binance. Hyperliquid (HYPE) topped the charts, surging 81% during the month, followed by Zcash and BNB.

The Binance data showed that the market's largest cryptocurrencies, including Bitcoin, Ethereum, and XRP, ended the month in negative territory. This happened ...