The Hype logo simply represents the vibrancy of the “community” that Hype helps create.
That community can be a group of people at any one time or the community they come from, and take their experience back to.
Each circle can be seen as an individual but collectively they form “Hype” the organisation. Hype wouldn’t exist without the participants, so they form the word.
The effervescent look of the logo reflects the lively nature of the experience and the “growth” of the participants.