Renowned investor and former CEO of BitMEX, Arthur Hayes, expressed his belief that the HYPE token has the potential to reach $150 if the Hyperliquid derivatives platform maintains its current financial performance and high level of genuine trading activity.
This is reported by Business • Media
Key Factors for HYPE Price Growth
In his interview on the Markets Outlook program, Hayes emphasized that Hyperliquid’s success is driven by organic demand from traders rather than artificial incentives. The platform generates approximately $1 billion in annual revenue from fees over the last 30 days, and the team’s token unlocking policy remains disciplined.
Additionally, Hyperliquid offers high liquidity and minimal slippage even for large trades of perpetual Bitcoin contracts ranging from $100,000 to $10 million. The open listing system HIP-3 has enabled traders to work not only with crypto assets but also with oil, stock indices, and other financial instruments.
“The increase in activity on Hyperliquid is supported by external factors. In particular, the escalation of the conflict in the Middle East between the US, Israel, and Iran has prompted traders to use derivatives as a risk hedging tool.”
Price spikes in gold and oil over the past months have also contributed to a revival in trading perpetual contracts thanks to Hyperliquid’s DeFi tools. Hayes noted that more and more traders prefer this platform for accessing markets that are typically unavailable on traditional exchanges. Retail investors can trade assets such as oil contracts or proxy Nasdaq indices around the clock using stablecoins and crypto wallets. Leverage on Hyperliquid reaches 10–20x, significantly exceeding the capabilities of traditional brokers.
Potential Risks for HYPE Token and Other Predictions from Hayes
At the same time, Arthur Hayes warned of risks that could impact the bullish scenario for HYPE. In particular, he may revise his forecast if the price-to-earnings multiplier of the token rises sharply, competitors offer lower fees, reducing Hyperliquid’s share of revenue from perpetual futures on DEX (currently around 70%), or if the team begins actively selling its own tokens.
At the time of this writing, HYPE is trading at $37.
Besides HYPE, Arthur Hayes highlighted the prospects of private crypto projects. He believes that Zcash could benefit from growing concerns about blockchain monitoring, especially considering the development of artificial intelligence for transaction analysis.
The investor also reaffirmed his ambitious forecast for Bitcoin, stating the possibility of a price increase to $250,000 by the end of 2026, despite previous target levels not being met.
Analysts at Delphi Digital also believe that Hyperliquid is gradually transforming into a multifunctional exchange, further reinforcing market participants’ optimism about this platform.