Hyperliquid’s native token, HYPE, has climbed double-digits in the past 24 hours after entrepreneur and crypto investor Arthur Hayes forecast a dramatic surge to $150 by August.
The HYPE token currently trades around $34, up 12% in the period as bulls extend gains from its recent lows of $20.
Gains come as HYPE’s potential attracts fresh attention despite broader jitters across global markets.
Rising open interest and trading volume signal sustained demand.
Arthur Hayes makes bold HYPE prediction
Arthur Hayes, the influential former BitMEX CEO and founder of Maelstrom family office, has positioned himself as a vocal bull on Hyperliquid.
Maelstrom has built a substantial stake in the platform, and Hayes argues HYPE stands out as a top performer in the coming months.
In a recent essay, he spotlighted Hyperliquid’s unmatched revenue model, declaring it “the dominant perp DEX” and the largest revenue generator in crypto outside stablecoins.
According to Hayes, the project’s aggressive token buyback strategy, where 97% of revenues flow directly back to HYPE holders, is a rarity in the crypto industry.
“No other project in all of crypto hands as much money back to token holders as Hyperliquid,” he wrote.
Hyperliquid captures trading volumes migrating from centralized exchanges (CEXs), and Hayes envisions accelerated growth through new features and permissionless markets.
This is the case as competitors’ incentive programs fade.
Hyperliquid technical outlook
If Hayes’ August 2026 target of $150 is to be hit, the token’s value needs to post a roughly fivefold gain from its current levels near $34.
The Maelstrom boss notes that HYPE could be this cycle’s GMX, a perps DEX that exploded in 2023.
“The exchange shitcoin darling of the last sideways to down market in early 2023 was GMX.
GMX hit an all-time high of $90 in April 2023. Why? Because at the time it dominated the perp DEX volume leaderboards,” he wrote.
Hayes’ track record for audacious calls adds weight. However, past predictions have mixed results, and other factors could come into play.
The token’s 12% intraday surge particularly aligned with an uptick across crypto markets as Bitcoin rose to $70,000.
From a technical standpoint, HYPE has rebounded strongly from its January trough.
The token has formed higher lows and is testing resistance near $35.
Momentum indicators like RSI hover in bullish territory without overbought extremes.
Bulls will eye $50 as the next milestone if volumes hold.
A broader rally could help strengthen the bullish outlook, with HYPE having hit an all-time high above $59 in September 2025.
However, downside risks persist, including broader market downturn and platform-related issues.
In this case, key support levels include the primary zones around $28 and $20.
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