Bitcoin News Today: HYPE Soars on Buybacks and Bullish Vision as Arthur Hayes Forecasts 126x Growth

Hyperliquid’s native token HYPE reached an all-time high of $51.07, surging over 34% in a 24-hour period after trading at $44.73 earlier in the day. This rally has brought HYPE’s weekly gains to over 22% and its yearly increase to nearly 1,500%, cementing its position as one of the fastest-growing assets in the crypto market [1]. The price action coincided with a broader market upswing, with Bitcoin reclaiming $111,000 and Ethereum rising above $4,600, reinforcing the token’s bullish momentum [1].

The surge in HYPE is being driven by Hyperliquid’s intensified buyback strategy, which recently increased the percentage of fees allocated to buybacks from 97% to 99%. This adjustment has reduced the share of fees going to HLP stakeholders from 3% to 1%, effectively shifting more value into HYPE’s market cap. Analysts argue this creates a stronger bid for the token, suggesting the team views HYPE as undervalued [1].

Fundamental data supports the bullish narrative. On August 18, Hyperliquid generated nearly $29 million in protocol revenue, outperforming both Ethereum and Solana on the same day. Weekend fee revenues annualized to almost $2 billion, rivaling the largest centralized exchanges. Spot trading volume also surpassed the combined activity of Coinbase and Bybit, further highlighting the platform’s growing dominance in the decentralized trading landscape [1].

Arthur Hayes, co-founder of BitMEX, has added fuel to the speculation by forecasting a 126x upside for HYPE over the next three years during a conference in Tokyo. Hayes cited the potential for stablecoin expansion to increase Hyperliquid’s annualized fees to $258 billion from its current $1.2 billion. This projection has positioned HYPE as a focal point for investors seeking long-term exposure to high-growth decentralized derivatives platforms [3].

Technically, HYPE has broken out of a symmetrical triangle pattern on the 4-hour chart with strong volume. The RSI sits near 69, indicating bullish momentum but approaching overbought territory, while the MACD remains sharply positive. Both the Balance of Power and Chaikin Money Flow indicators suggest continued accumulation, signaling that fresh capital is entering the market. Analysts closely watch the $46–$47.50 range, where a decisive breakout could pave the way toward $50, a key resistance level [5].

Looking ahead, market participants are monitoring volume expansion and on-chain metrics to confirm the sustainability of the rally. While the current valuation is subject to debate, the protocol’s ability to generate consistent revenue and its strong buyback strategy provide a foundation for further growth. If HYPE can maintain momentum above key resistance levels, the path to $50 becomes increasingly viable, with potential long-term gains driven by continued adoption and platform expansion [5].

Source:

[1] HYPE Price Surges Past $51 with BTC, ETH Rebound: Is $65 ... (https://finance.yahoo.com/news/hype-price-surges-past-51-092336440.html)

[2] HYPE / BTC (https://www.coingecko.com/en/coins/hyperliquid/btc)

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

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

[5] Bulls Eye $50 Breakout as Revenues and Buybacks Fuel ... (https://bravenewcoin.com/insights/hyperliquid-hype-price-prediction-bulls-eye-50-breakout-as-revenues-and-buybacks-fuel-demand)