Arthur Hayes Reveals Hyperliquid (HYPE) as His Sole Crypto Investment Focus

Key Highlights

• HYPE surged more than 5% over 24 hours, reaching approximately $38.28 with trading activity increasing 50% to $288 million
• BitMEX co-founder Arthur Hayes declares HYPE as “the only thing we’re buying right now”
• Hayes maintains an ambitious $150 price projection for HYPE by August 2026
• Recent unlock of 9.9 million tokens on April 6 met with strong market absorption
• Critical resistance level identified at $38, with potential upward movement to $41.27

The Hyperliquid token experienced a notable climb exceeding 5% throughout the last 24-hour period, positioning itself around $38.28. This upward momentum coincided with a wider cryptocurrency market rebound, as Bitcoin advanced over 4% during the identical timeframe.

HYPE’s trading activity witnessed a substantial 50% surge, approaching $288 million in volume. This dramatic increase in market participation indicates new capital flowing into the asset rather than merely existing position reshuffling.

In a significant endorsement posted on X on April 8, Arthur Hayes—BitMEX co-founder and Chief Investment Officer of Maelstrom family office—revealed that HYPE represents “the only thing we’re buying right now.” Hayes continues to hold firm on his $150 price forecast for HYPE reaching fruition by August 2026, representing an approximate 4x appreciation from present valuations.

Hayes emphasizes Hyperliquid’s revenue model as fundamental to his bullish stance. The protocol allocates 97% of generated revenue toward HYPE token buybacks directly from open markets.

Scheduled Unlock Shows Market Strength

A scheduled distribution of approximately 9.9 million HYPE tokens to core contributors occurred on April 6. Such unlock events typically create downward price pressure. However, HYPE’s price remained resilient, indicating the market had effectively absorbed the anticipated supply increase.

The Hyperliquid platform maintains open interest exceeding $2.3 billion. Additionally, the protocol has ventured into tokenized real-world assets, including oil futures contracts, which are generating billions in trading activity.

Hayes Repositions Portfolio Away from Other Assets

While accumulating HYPE, Hayes has simultaneously liquidated other holdings. Blockchain analytics from Lookonchain and Arkham Intelligence reveal he exited his ETHFI position at a 13% deficit, having acquired 265,461 tokens at $0.51 before selling at $0.44.

Additionally, he transferred 3.55 million AUKI tokens valued at approximately $19,600 to FlowDesk, signaling a liquidation. AUKI recorded a 5% gain over the past day, accompanied by a 91% volume spike.

From a technical analysis perspective, HYPE confronts a significant resistance zone near $38. A decisive breakout above this threshold could establish a trajectory toward $41.27. Downside support exists at $36.38, where a breach might trigger selling pressure toward the $30 zone.

The market-wide rally received support from evolving regulatory developments in the United States, featuring ongoing discussions regarding a “Reg Crypto” framework alongside Morgan Stanley’s introduction of spot Bitcoin ETF offerings.

Hyperliquid’s open interest continues maintaining levels above $2.3 billion, while protocol-integrated buyback mechanisms connected to the HIP-4 fee structure remain actively operational.

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