As Hyperliquid (HYPE) reaches new all-time highs (ATHs), Arthur Hayes has bet six figures that the token will continue to rally and outperform Solana (SOL) in the coming months. Related Reading: Bitcoin Trend That Has Held For 15 Years Shows When To Expect The Bottom And When $400,000 Will Happen Arthur Hayes Doubles Down On Hyperliquid On Sunday, BitMEX co-founder Arthur Hayes reaffirmed his bullish outlook for Hyperliquid, affirming that the token will outperform the leading cryptocurrencies by market capitalization. In an X post, he asked long-time Solana believer and Chairman of Forward Industries, Kyle Samani, to do “a gentleman’s charitable bet” on which token would have the best performance by the end of the year. “I put $100k on the line to a charity of your choice that HYPE outperforms any other current top ten crypto in USD terms from now until year end. Who is your champion?” Hayes stated. Samani accepted the deal, choosing Solana as HYPE’s competitor. Notably, the Forward Industries chairman has been publicly critical of Hyperliquid, previously alleging that “Building trust is antithetical to the way Hyperliquid operates” and calling it “Binance 2.0” regarding its regulatory status in the US. Hayes’s bet follows his conviction on HYPE’s future price action. He recently affirmed that Hyperliquid “should at a minimum overtake SOL before this bull run is over,” citing the performance of most top cryptocurrencies on short and mid-term timeframes. Earlier this year, he also asserted that the cryptocurrency could surge to $150 by August 2026, roughly 5x higher than its then-$30 price, even if the broader crypto market continues to perform weakly. Since then, the token has already surged nearly 2.4x, flipping Dogecoin (DOGE) to enter the top 10 cryptos by market capitalization, and continuing to reach new all-time highs over the past few weeks. HYPE To Rally To $163? Over the weekend, Hyperliquid broke past the $65 resistance and began a multi-day price discovery streak that has been developing since Friday. After breaking the $70 on Sunday, the cryptocurrency jumped nearly 6% to reach its latest all-time high of $74.18 on Monday morning. Amid this performance, market observer Ali Martinez retracted his previous warning about a potential top, noting that “HYPE continues to make new record highs, pushing deeper into price discovery.” Last week, the analyst shared the “unpopular opinion” that Hyperliquid had reached its market top after reaching its recent highs and printing sell signals on the TD Sequential daily and three-day charts. As reported by NewsBTC, Martinez had highlighted that HYPE was “approaching a critical resistance area while multiple indicators are flashing warning signs,” following its massive performance. He pointed out that the token was seeing a similar setup to the last two times TD Sequential sell signals appeared on HYPE’s chart, while the RSI and Chande Momentum Oscillator were also at overheated levels, which led to significant corrections. Related Reading: XRP Ledger Targets Flash Loan Attacks With New DeFi Security Proposal Based on that, he stated that Hyperliquid could still push toward $59 or slightly above $60 before momentum faded, warning that a rejection from that area could increase the chances of a retrace toward the $40 support. Now, the analyst noted that these sell signals have been invalidated, and shared potential price discovery rally targets of $97 and even $163, as momentum continues. As of this writing, HYPE trades at $71.8, a 16.8% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
HYPE has been setting new all-time highs above $70 as the market faces selling pressure and uncertainty that has weighed on most assets across the crypto ecosystem. The divergence between HYPE’s performance and the broader market weakness has been one of the defining stories of recent weeks — and data from Lookonchain has surfaced a specific trade that captures the magnitude of what has been building in this asset over the past six months. Related Reading: Ethereum Flashes A Rare Signal As Open Interest Reaches Highest Level Since 2019 Six months ago, a trader identified as wallet 0x082e opened a 5x leveraged long position on 1.38 million HYPE tokens with a notional value of approximately $99.77 million. The position has remained open through every market fluctuation, every broader crypto selloff, and every moment of uncertainty that has tested conviction across the ecosystem since it was initiated. HYPE Whale activity | Source: Hypurrscan Today, that position is sitting on over $46 million in unrealized profit. The trade is significant beyond its financial scale. A 5x leveraged long held for six months through a period that included significant market volatility, multiple macro headwinds, and sustained selling pressure across the broader altcoin sector describes a level of conviction that goes well beyond routine speculation. The trader did not reduce the position when the market turned difficult. They held — and the HYPE all-time high above $70 is the price expression of what that patience has produced. Down $25 Million and Still Holding The path to $46 million in unrealized profit was not linear — and the Hypurrscan data reveals the full arc of a position that required the kind of conviction most participants cannot sustain when the market tests it at scale. At its worst point, the 0x082e position was down over $25 million in unrealized losses. A 5x leveraged long sitting $25 million underwater is not a theoretical exercise in portfolio management. It is the kind of drawdown that forces the majority of traders — regardless of their original thesis — to reduce exposure, cut losses, or abandon the position entirely before the liquidation engine makes the decision for them. The wallet held. Related Reading: Uniswap Price Slides As Binance Absorbs Millions Of Tokens – Traders Are Watching Through the drawdown, through the uncertainty, through whatever broader market conditions were generating $25 million in paper losses on a single leveraged position, 0x082e maintained the full exposure. The thesis did not change because the price did. The position did not shrink because the losses were uncomfortable. What followed is now documented in the all-time high prints above $70. HYPE’s continued advance did not simply recover the $25 million drawdown — it converted it into a $46 million gain on the other side. The distance between those two numbers is $71 million in position value swing generated by a single decision: to hold when every rational short-term signal was pointing toward the exit. HYPE Momentum Remains Strong As New Highs Continue HYPE continues to be one of the strongest assets in the crypto market, extending its rally to fresh all-time highs above $72 while most major cryptocurrencies remain under pressure. The chart shows a remarkably clean bullish structure that has been developing since the January bottom near $21, with price appreciating more than 240% in less than five months. HYPE continues pushing above ATH | Source: HYPEUSDT chart on TradingView The recent breakout above the previous resistance zone around $60–$65 is particularly important from a technical perspective. After several weeks of consolidation beneath that area, buyers absorbed available supply and triggered an impulsive expansion higher. Volume increased significantly during the breakout, confirming genuine participation rather than a low-liquidity move. Related Reading: XRP Sends A Rare Signal As Whale-Retail Dynamics Are Shifting – Traders Are Watching Trend structure remains exceptionally constructive. HYPE is trading well above its 50-day, 100-day, and 200-day moving averages, with all three averages aligned in a bullish configuration. The widening distance between price and the longer-term moving averages reflects the strength of the current trend but also highlights how extended the asset has become in the short term. The $70 level now becomes the first major support zone to monitor. Holding above this area would confirm the breakout and potentially create a platform for further upside exploration. On the downside, a deeper correction could target the former breakout region between $60 and $65, which should now act as support. Featured image from ChatGPT, chart from TradingView.com
Hyperliquid (HYPE) has notched a fresh all-time high as activity across parts of the broader crypto market appears to be consolidating rather than accelerating. While many competitors have stayed relatively range-bound, HYPE has pushed higher and is now inching toward Dogecoin (DOGE), the tenth-largest cryptocurrency by market cap. At the moment, DOGE still holds a sizable lead—about a $2 billion gap—though Hyperliquid’s latest move has put it back in the spotlight. HYPE Hits A New Peak At the time of writing, HYPE was trading around $61.94. During the day, it briefly surged to $62.80, setting a new record peak for the platform’s native token. The price action has been accompanied by strong performance across several time horizons. On a weekly basis, the token is up roughly 48%. Over the past thirty days, the gains expanded to about 54%. Year-to-date, HYPE has recorded triple-digit growth, with a 134% increase so far. Related Reading: Bitcoin Could Hit Near $95,000 If It Holds Above This Critical Support, Top Analyst Says Part of the narrative around HYPE lately has been the alignment of bullish catalysts highlighted over the past few weeks by NewsBTC. The latest surge comes as investors appear to be responding to a growing set of market drivers aimed at Hyperliquid’s ecosystem—especially within the Hyperliquid ETF space. Institutional interest beyond this nascent sector is also being framed as a key element of the current momentum. LookOnChain flagged large purchases tied to Grayscale, reporting that the firm was loading up on HYPE. In one hour alone, Grayscale was said to be buying 115,733 HYPE, worth roughly $6.65 million. Looking across a longer window, the same tracking indicated Grayscale has accumulated 682,190 HYPE over the past week, totaling about $34.9 million. Is Hyperliquid Undervalued? Meanwhile, developments on the infrastructure side may also be adding to the bullish case. Coinbase has been named as Hyperliquid’s official USDC liquidity provider, strengthening the stablecoin plumbing around the platform. In addition, Coinbase is reportedly set to acquire USDH brand assets, a move that could further reshape how Hyperliquid’s token and stablecoin components fit together. Related Reading: Solana ETF Falls Behind As XRP Collects More Cash—Here’s The Catalyst Driving The Split Even with all of this, Bitwise’s CIO Matt Hougan suggested earlier this week that the market may not yet be fully pricing Hyperliquid’s broader value proposition. Hougan said Hyperliquid appears to be caught in what he described as a “pricing error”—with investors treating it as little more than a perpetual futures exchange. His view is that the market still hasn’t recognized the platform’s longer-term trajectory, despite the growing wave of activity and institutional demand. Featured image created with OpenArt, chart from TradingView.com