- Hyperliquid‘s HYPE token could rally to $150 by August if it continues to capture centralized exchange volume and grows revenue, according to Bitmex co-founder Arthur Hayes.
- The platform’s crude oil-linked trading pair has become its most-traded asset, indicating strong demand for tokenized traditional markets.
- A technical cup-and-handle pattern suggests a potential initial breakout toward $50 before any larger rally.
- Nearly all of the platform’s revenue is used to buy back its own HYPE token from the open market, providing direct price support.
- Despite this bullish outlook, Hayes has previously made high-profile price predictions, such as for Bitcoin and TRUMP memecoin, that have not materialized.
In a post published on Monday, BitMEX co-founder Arthur Hayes forecasted that the Hyperliquid token could surge to $150 by August. He argued this fivefold growth hinges on the decentralized exchange pulling more volume from centralized platforms and expanding its product offerings. Achieving this target requires Hyperliquid‘s 30-day revenue run rate to rise to $1.40 billion from March’s $843 million figure.
To reach that goal, the platform needs to capture an additional 3.96% of derivatives volume from centralized exchanges. Crucially, nearly 97% of its revenue is used to buy HYPE tokens from the market, a mechanism that directly supports the price. However, Hayes’s fund Maelstrom previously predicted price declines, and HYPE has fallen about 40% since then.
Meanwhile, trading activity is shifting as the US–Iran conflict escalates. The platform’s tokenized crude oil perpetual pair recently saw over $1.29 billion in 24-hour volume, surpassing its top crypto pairs. This trend validates Hayes’s broader HIP-3 thesis, which allows users to permissionlessly launch perpetual markets.
Consequently, HIP-3 now contributes almost 10% of the platform’s total revenue. Hayes projects this feature could potentially grow revenue by 160% if Hyperliquid continues listing popular macro assets like Gold and oil. The surge in traditional asset trading provides a significant new revenue stream.
From a technical perspective, HYPE’s price chart shows a classic cup-and-handle pattern forming. A decisive break above the $35.50 resistance level would signal an initial rally toward a measured target of $50. Conversely, a rejection at that level could see the price fall back toward key support near $30.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
