Hayes Predicts HYPE at ₱8,910 ($150) by August on Buyback Model
BitMEX co-founder Arthur Hayes is betting Hyperliquid's aggressive revenue-sharing model will drive HYPE token to ₱8,910 ($150) by August. His family office Maelstrom now holds HYPE as its largest non-Bitcoin position after the token recovered from a $20 eight-month low in January.
Key Takeaway
Hayes bets on Hyperliquid's 97% revenue buyback model to drive HYPE fivefold higher within five months.
BitMEX co-founder Arthur Hayes predicts HYPE will hit $150 by August, requiring a fivefold increase from Monday's trading levels when he published his newsletter.
Hayes pointed to three drivers: Hyperliquid's aggressive buyback program that returns 97% of platform revenue to token holders, rapid growth in permissionless markets, and competitors ending their incentive campaigns. He told readers no other crypto project hands as much money back to token holders. His family office Maelstrom now holds HYPE as its largest non-Bitcoin position after accumulating a large stake.
The token crashed to $20 at the end of January before recovering to $34 by the time of Hayes' article. Maelstrom previously sold ₱297.01 million ($5 million) in HYPE one month after Hayes' initial 100-fold fee growth prediction last year — when the token was trading at $45.
Hyperliquid's permissionless markets launched in October and attracted attention over the weekend when traders rushed to trade tokenized oil perpetuals amid Middle East conflict. Oil contract volume hit ₱9.5 billion ($160 million) in 24 hours. Hayes said Hyperliquid must give traders something new and shiny to trade on-chain to sustain growth.
Hyperion DeFi CEO Hyunsu Jung said the narrative around onchain financial services is changing. Hayes noted Hyperliquid hit ₱83.16 billion ($1.4 billion) in 30-day annualized revenue last August — the benchmark needed to justify a $150 token price when Bitcoin was trading below $70,000.
This article was written based on reporting from Dlnews.
