Arthur Hayes: HYPE Could Hit $150 as Hyperliquid Shows Genuine Demand

Arthur Hayes says HYPE could hit $150 as Hyperliquid shows “real” demand Former BitMEX CEO Arthur Hayes told CoinDesk Markets Outlook host Jennifer Sanasie that Hyperliquid — and its native token HYPE — is positioned for a big run if the exchange’s revenue and genuine trading activity continue to grow. Hayes argued Hyperliquid has differentiated itself from other perpetual-futures venues by generating organic trading volume rather than relying on incentive-driven turnover. Real usage, not wash volume Hayes pointed to on-chain liquidity and trading metrics that, in his view, reflect authentic market participation. He said traders are increasingly using Hyperliquid to access markets and instruments they can’t easily find on traditional exchanges, driving sustained orderflow rather than temporary spikes from fee rebates or liquidity mining. What could lift HYPE to $150 The thesis hinges on two things Hayes emphasized: continued strong revenue for the platform and persistent, non-incentivized trading. If those trends hold, he believes HYPE’s market value could move substantially higher — he cited a $150 target as a plausible outcome. Risks and exit signals Hayes also warned about potential downside: a surge of speculative hype around HYPE itself or a wave of stronger competition from other platforms could be signals to take profits. In short, rising marketing noise and encroaching rivals would erode the fundamentals he’s watching. Broader themes: privacy projects and Bitcoin Beyond HYPE, Hayes highlighted privacy-focused crypto projects as a growing narrative to watch in the sector. He also reiterated an aggressive outlook on Bitcoin, maintaining bullish expectations for the flagship asset. Takeaway Hayes’ bullish case for Hyperliquid and HYPE rests on measurable, sustained trading activity and platform revenue — not short-term incentive programs. That real-usage argument is the core catalyst he sees for a significant upside, even as he flags competition and speculative frenzy as key risks. Read more AI-generated news on: undefined/news