Arthur Hayes Predicts HYPE Could Reach $150, Says He Sold Firm's Position Around $50

Arthur Hayes said Hyperliquid’s strong revenue, real trading activity and disciplined token supply could push HYPE to new highs, predicting the token could reach $150.

“Arthur Hayes: Strong Revenue and Real Trading Could Send HYPE to $150 Hayes said Hyperliquid’s strong revenue, real trading activity and disciplined token supply could push the token to new highs”

@coindesk

He explained he had sold his firm’s HYPE position around $50–$55 ahead of expected token unlock pressure but turned bullish after the team chose not to sell most of its monthly token allocations.

@coindesk

Hayes pointed to Hyperliquid’s revenue metrics as a core justification for his bullishness, saying the platform still generates close to a $1 billion annualized revenue run rate based on 30-day fee data.

He highlighted the platform’s HIP-3 permissionless listing system that has expanded trading beyond crypto into assets like oil or equity indices.

CoinDesk

Hayes explained that what’s driving activity on Hyperliquid is access to markets unavailable through traditional platforms.

“Hyperliquid’s HYPE token could be its prediction market weapon, Arthur Hayes says HIP-4 could become a dominant prediction-market venue because Hyperliquid users can get economic exposure to platform usage through HYPE, unlike users of Polymarket or Kalshi”

CoinDesk

Retail traders can trade assets like oil or Nasdaq proxies 24/7 on-chain using stablecoins and crypto wallets, often with much higher leverage (10x–20x) compared to traditional brokerages.

He added that weekend geopolitical events have pushed traders to the platform when traditional markets are closed.

Hayes argued Hyperliquid’s liquidity and trading metrics indicate more genuine trading than many rivals.

He said competing platforms often rely on wash trading or token incentive programs to inflate activity and that he evaluates exchanges using the ratio of trading volume to open interest.

MEXC Exchange

Hayes said Hyperliquid has the lowest ratio among major perpetual DEXs and offers the lowest slippage for large bitcoin perpetual trades.

Hayes also flagged risks that could derail his thesis: rising hype and stronger competition could signal a potential exit point.

“XO Market bets on user-generated prediction markets to rival Polymarket and Kalshi Backed by 20VC, Picus Capital and Coinbase Ventures; XO lets users create and profit from their own prediction markets, and plans to rollout a new vault product to democratize market making”

@coindesk

He said earlier token unlock pressure was the reason he sold at roughly $50–$55.

@coindesk

He reversed course when the team avoided heavy sales of monthly allocations.