BitMEX Co-Founder Arthur Hayes Bets Big on Hyperliquid Token

Arthur Hayes, co-founder of BitMEX and Chief Investment Officer of Maelstrom family office, has made a significant announcement regarding his crypto investment focus. In a recent post on X, he revealed that Hyperliquid (HYPE) is the only asset he is currently investing in.

The price of HYPE has experienced a notable increase, surpassing 5% in the last 24 hours and reaching approximately $38.28. This upward momentum is attributed to increased trading activity, which has surged by 50% to reach $288 million.

Hayes' prediction for HYPE's future price is ambitious, with him maintaining a forecast of $150 by August 2026, representing a four-fold increase from its current value. His bullish stance on the token is attributed to Hyperliquid's revenue model, which allocates 97% of generated revenue toward HYPE token buybacks directly from open markets.

The recent unlock of approximately 9.9 million tokens on April 6 met with strong market absorption, indicating that the increased supply has been effectively absorbed by the market. The protocol's venture into tokenized real-world assets, including oil futures contracts, is also generating significant trading activity, exceeding $2.3 billion in open interest.