Arthur Hayes has projected a rally within the HYPE token value as exercise on its platform climbs. This comes as oil-linked futures proceed to surge on Hyperliquid amid the escalating struggle between the United States and Iran.
Oil Activity Heats Up on Hyperliquid as Arthur Hayes Eyes HYPE Token Upside
BitMex Co-founder Arthur Hayes has set a $150 goal for the altcoin as exercise grows on HIP-3, its permissionless perp market. The surge in exercise has been closely linked to tensions within the Middle East.
Where value discovery occurs when TradExchanges sleep. @HyperliquidX $HYPE to $150 pic.twitter.com/WxtvmqnpwO
— Arthur Hayes (@CryptoHayes) February 28, 2026
Hyperliquid’s HIP-3 has activityeing exceptional exercise since its launch in October. As reported by CoinGape, in January, HIP-3’s open interest reached an all-time excessive of over $793 million. This was because of buying and selling activiy on commodities like oil, which led to a 25% HYPE token pump on the time.
The Oil-USDH perpetuals noticed a rise of over 5%, touching the $73.12 mark, whereas one other perpetual, the USOIL-USDH, rose to above $88. These two perpetuals noticed a mixed buying and selling quantity of just about $17 million and an open curiosity of greater than $9 million inside the final 24 hours.
Gold and silver futures have been additionally on the rise. This suggests the market is digesting the stress between the US-Israel alliance and Iran.
The payment construction of Hyperliquid entails channeling a few of the charges into the coin’s buy-back and burning course of. Hence, a rise in exercise, such as the surge in oil futures, resulted in additional charges being generated. This lowered the circulating HYPE token provide.
The protocol has earned $2.8 million in charges over the previous 24 hours, in keeping with knowledge from Defillama. It has now burned $9 million price of tokens over the past seven days. This has elevated by 20.4% in comparison with final week.
HIP-3 Adoption Jumps as Markets React to Conflict
The degree of exercise on the HIP-3 platform for the reason that U.S-Iran battle has been explosive. This has led the open curiosity to hit the $1.1 billion mark. The late January and early February 2026 timeframe has proven the very best enhance in quantity, which has gone over the billion-dollar mark and has additionally touched the $5 billion mark on a each day foundation.
Experts say this degree of the Hyperliquid platform exercise may solely be bullish for the HYPE token. The OI apparently hit a brand new ATH proper after the United States launched its attack on Iran.
The open curiosity of HIP-3 reached a brand new ATH in comparison with the Total OI on Hyperliquid, with 18.53%. pic.twitter.com/9TEqwXgoxX
— Hyperliquid News (@HyperliquidNews) February 27, 2026
Arthur Hayes’ projection is especially attention-grabbing contemplating that the scenario escalated even additional after Iran launched an assault on the bases of the U.S. This led to a response from President Trump, who stated that they’d launch additional airstrikes inside the subsequent couple of weeks.
It has additionally been reported that Iran mentioned it’s now not keen on any type of negotiations, particularly after the demise of its supreme chief.
