Arthur Hayes Forecasts HYPE Token to Reach $150 Price Target by August
Technical indicators suggest HYPE could initially surge to $50, while increasing appetite for macro-connected perpetual futures strengthens the bullish outlook.
BitMEX co-founder Arthur Hayes believes Hyperliquid (HYPE) has the potential to reach $150 by August.
Key takeaways:
- Volume migration from centralized exchanges and increasing interest in macro-connected markets such as oil are strengthening HYPE's bullish outlook.
- Technical chart patterns including a cup-and-handle formation suggest an initial price breakout targeting $50.
Volume shift from centralized to decentralized exchanges could drive HYPE fivefold higher
Hayes stated in a Monday publication that HYPE could experience approximately a fivefold increase from its current level around $30, provided Hyperliquid continues attracting derivatives trading volume from centralized exchanges (CEX) while simultaneously expanding its range of available products.
For this projection to materialize, Hyperliquid's annualized revenue run rate calculated over 30 days needs to increase from $843 million in March to $1.40 billion by August.
This level of expansion appears within reach if the decentralized platform manages to claim an additional 3.96% of derivatives trading volume from centralized competitors, building upon the approximately 6% market share it had already secured by March.
The platform allocates roughly 97% of its generated revenue toward purchasing HYPE tokens directly from the open market. This means the vast majority of earnings the platform generates goes toward buying back its native token, creating potential price support as long as trading volumes continue their upward trajectory.
According to Hayes, this particular tokenomics structure significantly improves HYPE's probability of climbing toward the $150 level.
Surge in tokenized oil trading strengthens Hyperliquid's bullish thesis
The optimistic forecast from Hayes emerged as oil became Hyperliquid's most actively traded asset amid the ongoing US–Iran conflict.
Trading data from Tuesday revealed that CL-USDC, the platform's crude oil-linked perpetual futures pair, achieved approximately $1.29 billion in trading volume over a 24-hour period, surpassing ETH-USDC which recorded roughly $1.24 billion, demonstrating that traders are progressively utilizing the decentralized platform for exposure to conventional financial assets beyond cryptocurrency.
This trading pattern also reinforces Hayes's wider HIP-3 investment thesis. The HIP-3 protocol enables users to create perpetual futures markets in a permissionless manner by staking HYPE tokens, and Hayes noted that recently introduced listings connected to commodities like oil, gold, silver, and prominent US stock indices are already experiencing growing adoption.
Hayes contended that HIP-3 currently generates close to 10% of Hyperliquid's total revenue and possesses the potential to increase overall revenue by 160% over the next several months if the decentralized exchange continues expanding its offerings of macro-focused assets such as precious metals and energy commodities.
During the previous year, Maelstrom, the family office investment fund associated with Arthur Hayes, forecasted downward pressure on HYPE prices stemming from $11.90 billion worth of scheduled token unlocks. Following that prediction, the Hyperliquid token has experienced approximately 40% in losses.
However, Hayes has also issued multiple prominent market predictions that ultimately failed to materialize.
These include Bitcoin price targets of $250,000 projected for the end of 2025 and $200,000 anticipated by March 2026, alongside a prediction made in January 2025 that the TRUMP memecoin would achieve a $100 billion market capitalization by inauguration day.
Technical analysis points to initial HYPE breakout targeting $50
When examined through a technical analysis lens, HYPE demonstrates potential for a rally toward $50 during March or by April, supported by the formation of a cup-and-handle chart pattern.
The cup-and-handle pattern develops following a rounded price recovery phase followed by a short consolidation period. The pattern receives confirmation when the price successfully breaks above the neckline resistance level, with the projected upside move typically calculated by measuring the pattern's maximum vertical height.
When this technical measurement methodology is applied to HYPE's current chart structure, it produces a calculated upside price target of approximately $50, contingent upon the price achieving a decisive breakout above the neckline resistance positioned at $35.50. Should the pattern complete successfully, it would deliver gains exceeding 40% from present price levels.
On the other hand, a rejection at the $35.50 resistance level could drive the HYPE price lower initially toward $30, a support level that coincides with the 0.236 Fibonacci retracement line and the 50-day exponential moving average (50-day EMA, represented by the red wave on the chart).