Arthur Hayes, is back to bold crypto bets again. With $HYPE currently trading around $31, he is forecasting a 5x moon fate ($150 mark) for the coin 📈
👉 HYPE is the native token of the Hyperliquid decentralized exchange, already sitting as the 13th largest altcoin with an $8B market cap.
Hayes currently holds about $6.9M worth of $HYPE in his known wallets, and sincerely believes that the coin is in a massive price discovery phase now.
However, before you FOMO in, it’s worth remembering Arthur’s playbook:
💢 He’s been super bullish on tokens like ENA and PENDLE in the past, often followed by significant sell-offs.
💢 While he’s talking up the $150 target, blockchain data shows he has already sold portions of his HYPE holdings at current levels 🤔
Hyperliquid is undeniably a powerhouse in the DEX space right now. But as always in crypto, when a big player promises 5x returns, make sure you aren't the one providing their exit liquidity.
#MarketRebound