Arthur Hayes Publishes Long Article Endorsing HYPE: Sets Target Price at $150, Calls It "The Highest Quality Project in the Entire Market"

BlockBeats News, on March 9, Maelstrom Chief Investment Officer Arthur Hayes published a long article detailing the logic behind his bullish outlook on Hyperliquid's token HYPE.

Hayes stated that although the overall crypto market is currently under pressure, Hyperliquid, as the leading perpetual DEX, is expected to restore its 30-day annualized revenue to the peak of $1.4 billions within six months, thanks to its HIP-3 permissionless listing mechanism, genuine trading depth, and substantial buybacks.

Hayes emphasized that HYPE's current price-to-earnings ratio is only about 12x, significantly lower than a certain exchange (26x), CME (40x), and other traditional and crypto trading platforms. If the P/E ratio recovers to 25x and revenue grows, the target price for August could reach $150, representing a 5x upside from the current $30.

He also pointed out that the team's monthly token allocation has dropped sharply from nearly 10 million in the early days to about 140,000 recently, significantly reducing selling pressure. Maelstrom has already built a position in the $20 range and will continue to increase its holdings.