Ethereum News Today: Arthur Hayes Predicts 126x HYPE Price Surge to $5000 by 2028

Hyperliquid's native token, HYPE, experienced a notable price rally following bold projections by Arthur Hayes, co-founder of the now-defunct BitMEX exchange and current Chief Investment Officer of Maelstrom. The rally came after Hayes shared his expectations for the token during a keynote at the WebX 2025 conference in Tokyo on August 25. Hayes forecasted that HYPE could appreciate over 126x in value within the next three years, pushing its price from the current level of approximately $40 to more than $5,000 per token [2]. This projection ignited a short-lived but significant upward movement in HYPE’s price, which climbed from $43 to around $47.4, marking a roughly 9% gain within a short timeframe [1]. Although the token has since retraced to approximately $45, it still remains in positive territory for the day, with a 2.1% gain [1].

Hayes’ bullish forecast is grounded in his expectations for the expansion of the stablecoin market, which he anticipates could reach $10 trillion by 2028. Should Hyperliquid capture approximately 26.4% of this market’s trading volume, annualized fees could increase from $1.2 billion today to $258 billion, significantly enhancing the platform’s valuation [2]. This macroeconomic rationale has resonated with the market, especially given Hyperliquid’s current market dominance. The decentralized exchange has rapidly captured 75% of the decentralized perpetual futures market, surpassing rivals such as dYdX, and ranks second in monthly trading volume among decentralized exchanges, trailing only Uniswap [2].

HYPE’s recent performance has also been impressive. The token reached an all-time high of $49.8 earlier in July and has surged roughly 300% from its year’s low. As of the latest data, its market capitalization stands at $15.05 billion, with a 24-hour trading volume of $295 million, reflecting strong on-chain activity [1]. In addition, Hyperliquid recently became one of the most productive companies globally in terms of revenue per employee, generating over $1 billion in annualized revenue with a team of just 11 members [2].

While Hayes’ $5,000 price target represents a dramatic increase from earlier estimates such as a $100 level [4], the market has responded positively. HYPE’s price briefly surged 4% shortly after the announcement and continues to show resilience amid a broader crypto market downturn [5]. However, analysts remain cautious, as the crypto market is historically volatile and subject to sharp corrections following high-profile predictions.

In parallel, Hayes has also been adjusting his personal crypto portfolio, increasing his ETH holdings significantly and expressing a stronger preference for Ethereum over Solana in the current macroeconomic environment [4]. These moves underscore a broader confidence in crypto-native assets that align with U.S. macroeconomic trends, potentially influencing investor sentiment toward platforms like Hyperliquid.

The price rally has also coincided with increased institutional interest, including notable BTC deposits and ETH withdrawals from regulated exchanges. Hyperliquid has surpassed both Coinbase and Bybit in BTC spot trading volume, suggesting growing recognition and adoption by institutional market participants [3]. These developments contribute to a robust market foundation for HYPE, assuming the anticipated expansion in the stablecoin sector materializes as projected.

Source: [1] Hyperliquid Price, HYPE Price, Live Charts, and Marketcap (https://www.coinbase.com/price/hyperliquid)

[2] Hyperliquid spikes as Arthur Hayes predicts 126x upside in ... (https://cointelegraph.com/news/hyperliquid-hype-spikes-arthur-hayes-predicts-126x-upside)

[3] Arthur Hayes Gives 126x Upside Potential for Hyperliquid ... (https://coingape.com/arthur-hayes-gives-126x-upside-potential-for-hyperliquid-at-a-massive-5-trillion-fdv/)

[4] Arthur Hayes Sees $20K ETH Ahead, Why He's Backing ... (https://cryptopotato.com/arthur-hayes-sees-20k-eth-ahead-why-hes-backing-ethereum-over-solana/)

[5] HYPE Holds at $45.90 Amid Mixed Analyst Forecasts and ... (https://www.ainvest.com/news/hype-holds-45-90-mixed-analyst-forecasts-key-resistance-47-2508/)