Wrapped HYPE (WHYPE) is a cryptocurrency token that is created by wrapping the original HYPE token on the Ethereum blockchain. It allows users to trade and use HYPE on the Ethereum network, providing increased liquidity and accessibility for HYPE holders. WHYPE can be exchanged for HYPE at a 1:1 ratio, making it a convenient way for users to transact with the HYPE token on the Ethereum platform.