Arthur Hayes predicts that the HYPE price will reach $150 in August.

In an article published on Monday, Arthur Hayes stated that if Hyperliquid continues to attract derivatives trading volume from centralized exchanges (CEX) and expands its product offerings, the HYPE price could increase fivefold, from the current approximately $30 to $150.

To achieve this goal, Hyperliquid’s annual revenue over 30 days needs to grow from $843 million in March to $1.4 billion in August. Hayes believes this growth is entirely feasible if the platform can capture an additional 3.96% of the derivatives trading market from centralized exchanges, after already gaining about 6% market share as of March.

Conversion chart from CEX to DEX (black line) | Source: Defi Llama A key feature of Hyperliquid’s business model is using up to 97% of its revenue to buy back HYPE tokens from the open market. This means most of the platform’s income is used to support the value of the HYPE token itself. If trading volume continues to grow, this mechanism will create strong upward pressure on HYPE’s value.

According to Hayes, this structure offers significant potential for HYPE to reach a $150 price.

The Tokenization Oil Boom: The Foundation for Hyperliquid’s Price Growth Prospects

Hayes’ optimistic forecast comes amid the US–Iran conflict, which has made oil the most traded asset on Hyperliquid.

On Tuesday, the trading pair linked to crude oil CL-USDC reached a 24-hour trading volume of $1.29 billion, surpassing the ETH-USDC pair with $1.24 billion. This indicates that traders are increasingly using Hyperliquid to invest in traditional assets, not just cryptocurrencies.

Top 10 most traded currency pairs on Hyperliquid | Source: Hyperliquid This trend also reinforces Hayes’ earlier HIP-3 proposal. HIP-3 allows users to freely deploy derivatives markets by staking HYPE tokens. Hayes notes that new products related to oil, gold, silver, and major US indices are attracting growing investor attention.

He states that HIP-3 currently contributes nearly 10% to Hyperliquid’s total revenue and could help increase revenue by 160% in the coming months if the platform continues expanding its macroeconomic financial products like gold and oil.

Monthly revenue statistics for HIP-3 | Source: Maelstrom However, not all of Hayes’ predictions have been accurate. Last year, the Maelstrom family investment fund, linked to Hayes, predicted that HYPE’s value would plummet due to the unlocking of tokens worth $11.9 billion. In reality, HYPE’s price has dropped about 40% since then.

Daily HYPE/USDT chart | Source: TradingView Nonetheless, Hayes remains optimistic about HYPE’s future. He has made bold predictions such as Bitcoin reaching $250,000 by the end of 2025, $200,000 by March 2026, or the memecoin TRUMP reaching a $100 billion market cap by the presidential inauguration in January 2025. However, these forecasts have yet to materialize.

Technical Analysis: HYPE Could Rise to $50 in the Short Term

From a technical analysis perspective, HYPE’s price could target $50 by March or April, based on the “cup-and-handle” pattern.

This pattern typically appears after a rounded recovery phase combined with a short accumulation period. When the price breaks above the neckline resistance, the pattern is confirmed, with the upside target measured by the maximum height of the pattern.

Daily HYPE/USD price chart | Source: TradingView Applying this rule to HYPE, the target price would be $50 if the price breaks above the resistance at $35.50. If the pattern plays out as expected, HYPE could increase by over 40% from its current level.

Conversely, if the price fails to break the $35.50 resistance and is pushed back, HYPE could fall to $30—a key support level coinciding with the 0.236 Fibonacci retracement and the 50-day exponential moving average (50-day EMA).

With the combined factors of revenue growth, token buyback mechanisms, and trends in traditional asset trading, Hyperliquid faces a significant opportunity to boost HYPE’s value in the coming months. However, as with all forecasts, market factors and volatility remain risks to consider.