Arthur Hayes Buys $1.1 Million in HYPE After 3-Month Break
BeInCrypto
BitMEX co-founder Arthur Hayes has purchased $1.1 million in Hyperliquid (HYPE) tokens, marking his first accumulation in three months.Summary
Arthur Hayes, the co-founder of BitMEX, recently purchased 26,022 HYPE tokens for approximately $1.1 million, increasing his total holdings to 247,334 tokens. This move reflects his continued confidence in the project, for which he maintains a $150 price target by August 2026, citing its fee-driven, deflationary revenue model. While institutional interest grows through potential ETF filings from firms like Bitwise and Grayscale, HYPE faces headwinds from cooling decentralized exchange volumes and broader market volatility.
(Source：BeInCrypto)