Arthur Hayes Bets Big on Hyperliquid (HYPE), Predicts SOL Overtake
Arthur Hayes is doubling down on his $150 price target for Hyperliquid (HYPE), predicting it will eclipse Solana (SOL) before this bull run caps out. He dismisses bearish sentiment, pointing to his 'shitcoin portfolio' as proof of a raging bull market for high-risk plays.
Arthur Hayes isn't just talking about Hyperliquid (HYPE), he's betting the farm. The BitMEX co-founder slapped a $150 price target on HYPE and declared it will smoke Solana (SOL) before this cycle ends. He's brushing off the doomsayers, saying his own speculative altcoin holdings are screaming 'bull market'.
Hayes sees this divergence between weak broad markets and soaring high-risk assets as confirmation that the bull is alive and well for those picking the right horses. He's already loaded up on HYPE, and his latest pronouncements signal a high-conviction play, fueled by Hyperliquid's aggressive buyback program and soaring revenues. Over $1.16 billion has been deployed to repurchase HYPE, creating a structural bid.
The question is whether HYPE can actually close the massive market cap gap with Solana. Hayes believes it can, citing Hyperliquid's revenue trajectory and a unique fee structure where 99% of revenue goes to token buybacks. Even Bitwise CIO Matt Hougan is calling HYPE a 'generational asset' and comparing its potential to the entire global market, not just crypto.