Summary
- Arthur Hayes, co-founder of BitMEX, stated that the target price for Hyperliquid token HYPE is $100.
- Following this statement, HYPE surged 17% within 24 hours, reaching $32.50 at one point.
- Hayes evaluated that the large-scale Bitcoin long position initiated on the Hyperliquid platform demonstrates investors' trust.
Arthur Hayes, co-founder of BitMEX, predicted a bullish trend for Hyperliquid's native token HYPE, setting a future target price of $100.
According to CoinDue, a cryptocurrency-focused media outlet, Hayes mentioned on X (formerly Twitter) on the 23rd, "There's no better promotion than this. Let's take HYPE to $100." Following this statement, HYPE surged 17% within 24 hours, reaching $32.50.
Hayes also mentioned that trader James Wynn initiated a $1.1 billion Bitcoin long position using 40x leverage on the Hyperliquid platform. He assessed, "Such a large position demonstrates the top investors' trust in the platform."
The media reported, "Hyperliquid has recently been gaining rapid attention among advanced traders due to its low latency, non-custodial structure, and deep liquidity."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
