Arthur Hayes predicts HYPE could hit $150 by August on revenue growth, strong buybacks

Arthur Hayes, CIO at Maelstrom and BitMEX co-founder, believes the Hyperliquid native asset, HYPE, is currently undervalued based on its parent platform's revenue generation. Hayes noted in a March 9 blog post that Hyperliquid generates more revenue than any other DEX outside stablecoin issuers, with approximately 97% flowing directly into token buybacks, creating a consistent demand for HYPE. Maelstrom's model projects Hyperliquid could reach an annualized revenue run rate of $1.4 billion by August. Hayes argues that this revenue translation mechanism, combined with strong buybacks, creates a supply squeeze, stating that no other crypto project returns as much money to token holders as Hyperliquid. Despite trading below its September high, Hayes suggests that Hyperliquid's high-quality trading activity and superior execution position it to retain serious traders, supporting a potential rapid repricing to $150.

(Source：Crypto Briefing)