Hyperliquid will hit $150 by mid-2026, predicts BitMEX’s Arthur Hayes

Hyperliquid (HYPE) could reach $150 in August, said Arthur Hayes, co-founder of BitMEX.

Main Receptors:

Driving CEX volume and interest in macro-related markets including oil is fueling the HYPE bull case.

A cup-and-hand setup is pointing at an initial split of $50.

Driving CEX to DEX will increase HYPE prices by five times

In a post on Monday, he said that if HyperLiquid continues to pull the volume of derivatives from the Central Exchange (CEX) and expand its product portfolio, HYPE could rise roughly fivefold from around $30.

To make this happen, Hyperliquid's 30-day annualized revenue run rate will have to increase from $843 million in March to $1.40 billion in August.

The platform Such growth could be achieved if the platform captures another 3.96% gain from centralized exchanges after taking roughly 6% since March.

Hyperliquid uses 97% of its revenue to buy HYPE tokens from the open market. Therefore, most of the money that the platform earns is used to buy its own token, which can support its price if business activity increases.

That structure raises the HYPE odds to $150, Hayes said.

Tokenized Oil Boom: The Hyperliquid Bull Case

Hayes' call for bullishness comes as the US-Iran war turns oil into hyperliquid trading.

On Tuesday, CL-USDC, the perpetual pair linked to crude oil, reached about $1.29 billion in 24-hour volume, beating ETH-USDC by about $1.24 billion, indicating that traders are using it to bet on traditional assets, not just crypto.

The trend also supports Hayes' broader HIP-3 thesis. HIP-3 allows users to open perpetual markets without authorization by depositing HYPE, and Hayes says new listings tied to oil, gold, silver and major U.S. indices are already pulling in.

RELATED: G7 emergency reserve oil returns from 25% increase when weighing emissions

They argued that HIP-3 now contributes nearly 10% of Hyperliquid's revenue, and if the DEX continues to hold macro assets like gold and oil, it could grow revenue by 160% in the coming months.

Last year, Maelstrom, a family office fund associated with Arthur Hayes, predicted that HYPE would drop in value due to token launches of $11.90 billion. Since then, the Hyperliquid token has fallen by about 40%.

Still, Hayes made several high-profile calls that didn't play out.

That includes targets for Bitcoin to hit $250,000 by the end of 2025 and $200,000 in March 2026, as well as a January 2025 call for TRUMP's memecoin to reach a market cap of $100 billion by the time of his inauguration.

HYPE technicians suggest an initial split of $50

From a technical perspective, HYPE could rally to $50 in March or April, depending on the cup-and-handle pattern.

After round recovery and short strengthening, a cup and handle is formed. Confirms a price break above the neckline resistance, while the upside is the highest height in the pattern.

Applying the technical rule to HYPE provides a downside target near $50 if the price breaks above the $35.50 neckline resistance. If the design is implemented, it will generate more than 40% profit from current levels.

Conversely, a retracement from $35.50 could push HYPE's price to $30 first, a level that aligns with the 0.236 Fibonacci retracement line and the 50-day exponential moving average (50-day EMA, the red wave).