Overview
- HYPE rose about 5–10% to roughly $38–39 on Wednesday, with reported trading volume up around 50% to nearly $288 million.
- Arthur Hayes, the BitMEX co‑founder, said on X that HYPE is the only crypto he is buying right now and he kept a $150 target for August 2026.
- Blockchain trackers reported he pared other positions, including selling ETHFI at a loss and moving AUKI tokens to a market maker, to shift more focus to HYPE.
- Hyperliquid sends about 97% of its trading revenue to buy HYPE on the open market, which ties higher exchange activity directly to token demand.
- A scheduled unlock of about 9.9 million tokens on April 6 went to contributors without heavy selling, which eased near‑term supply concerns.