Arthur Hayes Says Hyperliquid HYPE Token Could Reach $150 by 2026

Arthur Hayes said Hyperliquid’s strong revenue, genuine trading activity and disciplined token supply could push HYPE to $150 by 2026. He sold his firm’s HYPE position around $50–$55 ahead of expected token unlock pressure but turned bullish after the team chose not to sell most of its monthly token allocations.

Hayes said Hyperliquid still generates close to a $1 billion annualized revenue run rate based on 30-day fee data. Hayes pointed to the platform’s HIP-3 permissionless listing system as a driver of activity, expanding trading beyond crypto into assets like oil and equity indices.

Traders increasingly use Hyperliquid to access markets unavailable through traditional platforms, with retail users able to trade oil or Nasdaq proxies 24/7 on-chain using stablecoins and crypto wallets. Leverage of 10x–20x is often available compared with the 2x–3x many retail investors receive on brokerage platforms, and weekend geopolitical events have pushed traders to the platform while traditional markets are closed.

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