Arthur Hayes, co-founder of BitMEX and CIO of Maelstrom, has just made a statement that resonates throughout the crypto market: HYPE is the only token he's currently buying. 📈 Meanwhile, he's liquidating his positions in other cryptos - a strong signal you need to understand if you're trading altcoins.
🔍 What's going on?
Hayes posted on X on April 8 that HYPE is the only asset his team is concentrating its buying on. He sets an audacious target price of $150 for August 2026, which would represent a potential gain of 4x on the current range of $35 to $40. This is clearly a conviction bet, not a test position.
For his part, Hayes bought ETHFI at a high price (around $0.51 in February and March), before selling it back at $0.44 - making a dry loss of 13%, or around $17,600. He also cashes in his profits on AUKI after a rapid accumulation, transferring 3.55 million tokens to FlowDesk for sale.
💡 Why it matters
Hyperliquid is establishing itself as the dominant perpetual DEX with colossal trading volumes. The platform uses 97% of its revenues to buy back HYPE tokens from the market - a mechanism that creates continuous demand and limits supply. Hayes isn't gambling: he's betting on a protocol with real fundamentals (revenue generated) and a built-in scarcity mechanic.
For you altcoin traders, the message is clear: megafunds focus on projects with verifiable revenue streams, not speculative tokens. Hyperliquid is even expanding its playing field by tokenizing real assets like oil - crude oil futures posted billions in volumes on April 8.
📊 Our opinion
We're bullish on signal, less so on timing. Hayes never buys lightly, and his exclusive focus on HYPE shows extremely strong conviction. However, a target price of $150 in 4 months implies massive growth - and altcoins never follow exponential curves without a major macro reason. The smart strategy: accumulate gradually if you believe in Hyperliquid, but don't think it's an instant winning ticket.
✅ To remember
- Hayes concentrates buying solely on HYPE, target price $150 (August 2026).
- Hyperliquid dominates derivative volumes and generates huge revenues.
- It exits losing positions (ETHFI) and makes gains (AUKI) - selective, not speculative.
What do you think?Do you think Hayes' extreme focus on HYPE is a signal of opportunity - or a sign that this token has already risen too far before his supposed departure?
🔎 Also to be read
To go further, find all our Crypto analyses on ActuTrading Crypto 📈
