BitMEX co-founder Arthur Hayes predicts the Hyperliquid (HYPE) token could reach $150 by August. His analysis cites a shift of derivatives trading volume from centralized to decentralized exchanges and growing demand for tokenized traditional assets like oil on the platform. Hayes also points to a cup-and-handle technical pattern suggesting a potential initial breakout toward $50.
BitMEX co-founder Arthur Hayes stated that Hyperliquid‘s HYPE token could climb roughly fivefold to approximately $150 by August. He made this assertion in a post published on Monday.
Hayes argued this growth is possible if the decentralized exchange captures more trading volume from centralized competitors. The platform would need to raise its annualized revenue run rate to $1.4 billion from $843 million in March.
Hyperliquid uses about 97% of its revenue to buy HYPE tokens from the open market. That structure, Hayes said, boosts HYPE’s odds of rising toward $150.
The platform’s crude oil perpetual pair recently overtook Ethereum in 24-hour trading volume, reaching about $1.29 billion. This shows traders are increasingly using the platform to bet on traditional macro assets.
Hayes’s broader HIP-3 thesis, which allows permissionless market creation, now contributes nearly 10% of platform revenue. He argued it could grow revenue by 160% if the exchange keeps offering assets like gold and oil.
Last year, Maelstrom, a family office fund tied to Arthur Hayes, predicted HYPE price declines due to significant token unlocks. Hayes has also previously made several high-profile calls that did not play out.
From a technical perspective, HYPE may rally toward $50 based on a cup-and-handle pattern. A decisive break above the $35.50 neckline resistance would be required for this move.
Conversely, a pullback from that level could push the price toward $30. This level aligns with a key Fibonacci retracement line and the 50-day exponential moving average.
