Arthur Hayes Emphasizes $150 Hyperliquid Bomb Forecast..."Surpassing Solana"

▲ Hyperliquid (HYPE), Solana (SOL) / AI-generated image

Arthur Hayes's renewed projection of a $150 target price for Hyperliquid (HYPE) and the possibility of it surpassing Solana (SOL) has reignited the bullish debate in the high-risk altcoin market.

According to crypto media outlet BeInCrypto on May 31 (local time), BitMEX co-founder Arthur Hayes set a $150 target price for Hyperliquid and stated that it could surpass Solana's market capitalization before the current bull market ends.

In a post on X (formerly Twitter), Hayes refuted claims that the cryptocurrency market had entered a bear market. When a user pointed out, "We are in a bear market," Hayes replied, "My shitcoin portfolio is definitely in a bull market. Pick better degens." He argued that a bull market is still valid for specific positions, citing a mixed trend of overall market weakness and relative strength in high-risk assets.

Hayes had previously purchased over 26,000 HYPE, and his latest remarks were interpreted as a sign of stronger conviction in Hyperliquid. In his investment thesis, he mentioned the US crypto market structure bill and resistance from traditional finance.

Hyperliquid operates a buyback program that has invested over $1.16 billion to repurchase Hyperliquid in the open market. BeInCrypto explained that this program creates structural buying pressure below the market price. Additionally, Hyperliquid Strategies recorded a quarterly net profit of $152.5 million.

Bitwise Chief Investment Officer Matt Hougan also presented a similar view on Hyperliquid. Hougan described Hyperliquid as a "generational asset" and stated that its value should be viewed in comparison to the $600 trillion global market, not just the $3 trillion cryptocurrency market. He rated Bitwise's BHYP ETF as the most powerful single-asset crypto exchange-traded product launch since Bitcoin (BTC), noting that approximately $60 million in funds had flowed in since mid-May.

For Hayes's prediction to materialize, the key variable remains how long the speculative cycle will continue. Solana currently holds a much larger market capitalization and maintains its dominant position as a smart contract platform in decentralized finance and speculative trading. For Hyperliquid to close that gap, its revenue growth must continue to support the premium suggested by Hayes and institutional investors.

World Cup-related prediction markets have also emerged as a major crypto narrative. The total trading volume for World Cup winner markets on Polymarket and Kalshi reached approximately $416.7 million, with France, Spain, England, and Brazil currently cited as major contenders. Myriad launched a $100,000 World Cup trading competition with Chainlink (LINK) oracle infrastructure. BeInCrypto assessed that World Cup-themed cryptocurrencies could show significant volatility during the tournament, but many speculative tokens could quickly lose interest after team eliminations or the tournament's conclusion.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*