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HomeAltcoinArthur Hayes Predicts Hyperliquid Price To Hit $100, HYPE Reacts

Arthur Hayes Predicts Hyperliquid Price To Hit $100, HYPE Reacts


Former BitMEX CEO Arthur Hayes gave a daring value prediction for Hyperliquid’s HYPE token at this time. His feedback got here in response to the eye round legendary dealer James Wynn’s large leveraged Bitcoin place on the Hyperliquid platform.

Arthur Hayes Predicts HYPE Price

Arthur Hayes gave a bullish prediction for Hyperliquid’s HYPE token. He is concentrating on a value of $100 and acknowledged that HYPE is getting the perfect commercial. The former BitMEX CEO’s forecast got here as a direct response to the viral consideration surrounding James Wynn’s large leveraged buying and selling place on Hyperliquid.

Arthur Hayes’ prediction is linked to the natural publicity that Hyperliquid has obtained by means of Wynn’s buying and selling exercise. The dealer’s 40x leveraged place has been circulating extensively throughout X.

The timing of Hayes’ prediction coincides with Bitcoin reaching new all-time highs of $111,900. This has put Wynn’s place within the highlight with unrealized income of $39 million at that peak. Arthur Hayes has additionally given different value predictions up to now. He additionally talked about that Ethereum could outperform Solana this altcoin season.

Leveraged Trader Still Holds a 9,659 BTC Position

James Wynn has maintained his large Bitcoin publicity regardless of taking some income. According to knowledge from Lookonchain, the dealer not too long ago closed 540 BTC price roughly $60 million and realized a revenue of $1.5 million from this partial place closure.

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Source: Lookonchain

Despite this current profit-taking exercise, Wynn continues to carry an extended place of 9,659 BTC, presently valued at $1.07 billion. This remaining place carries an unrealized revenue of $28 million primarily based on present Bitcoin costs.

Lookonchain has also mentioned a regarding sample in Wynn’s buying and selling historical past. They identified that his earlier three place closures had been adopted by drops in Bitcoin’s value.

Source: HypurrScan

The dealer’s potential to keep up such a big leveraged place on Hyperliquid has contributed to the platform’s rising repute within the derivatives buying and selling area. Wynn has additionally been vocal about different cash. He made a bullish price prediction for PEPE final month.

Analyst Believes HYPE Can Flip SUI

Several cryptocurrency analysts have expressed bullish sentiment towards Hyperliquid’s HYPE token. Bitcoin analyst Luciano has been significantly vocal about HYPE’s potential and famous that he highlighted the token at $13 simply two months in the past.

Luciano’s evaluation factors to Hyperliquid’s spectacular operational metrics as proof of the platform’s progress. The decentralized trade not too long ago achieved a number of all-time highs throughout key efficiency indicators. This consists of $8.9 billion in open curiosity, $5.4 million in 24-hour charges, and $3.2 billion in USDC whole worth locked.

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Source: Altcoin Sherpa

Luciano particularly believes HYPE is positioned to “flip” each LINK and SUI when it comes to market valuation throughout the present quarter. Analyst Altcoin Sherpa has additionally praised HYPE and known as it “one of the best projects in crypto” with “one of the best charts.”

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Vignesh Karunanidhi

Vignesh Karunanidhi is a seasoned crypto journalist with practically 7 years of expertise within the cryptocurrency trade. He has contributed to quite a few publications, together with WatcherGuru, BeInCrypto, Milkroad, and authored over 10,000 articles

Disclaimer: The introduced content material might embody the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability in your private monetary loss.





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