Arthur Hayes, Additional Purchase of $1.1 Million in Hyperliquid..."No Need for Other Coins"

▲ Hyperliquid (HYPE)/AI Generated Image

Arthur Hayes, co-founder of BitMEX, has drawn significant attention in the altcoin market by making a substantial additional purchase of Hyperliquid (HYPE), based on strong confidence in the project.

According to crypto media outlet BeInCrypto on April 12 (local time), Hayes recently acquired an additional 26,022 Hyperliquid tokens worth approximately $1.1 million. This transaction, detected by on-chain analytics firm Lookonchain, marks Hayes' return to buying activity after about three months, increasing his total holdings to 247,334 tokens. Currently, the total value of Hyperliquid held by Hayes is approximately $10.44 million, with unrealized gains exceeding $2.5 million.

Hayes has recently adopted a strategy of liquidating other assets in his portfolio and focusing on Hyperliquid. He used funds from selling existing tokens such as Ether.fi (ETHFI) and Auki (AUKI) to purchase Hyperliquid, declaring, "The only asset we are buying right now is Hyperliquid." This move demonstrates confidence in the fundamentals of a specific project amid increasing volatility across the broader virtual asset market.

Hayes' optimism for Hyperliquid is based on the project's overwhelming revenue structure. Hyperliquid generates approximately $1 billion in annual trading fee revenue and employs an aggressive reward policy, utilizing 97% to 99% of its profits for token buybacks. Hayes evaluates Hyperliquid as one of the most profitable projects in the virtual asset market, excluding stablecoins, and emphasizes that it has a structure that returns the most value to token holders.

Hayes maintains a specific forecast that the Hyperliquid price will reach $150 by August 2026. This represents approximately a fourfold increase from the current price, with the growth of HIP-3, Hyperliquid's permissionless perpetual futures listing framework, expected to be the key driver. It is anticipated that as the system allowing users to open markets directly becomes active, transactions linked to traditional financial assets such as gold or the Nasdaq 100 index will increase, further boosting the token's value.

The market reacted sensitively to the news of Hayes' large-scale accumulation, with Hyperliquid's trading volume surging 75% from the previous trading day to $320 million. As large whale investors continue to flow in, Hyperliquid is forming strong support levels and attempting to break new highs. Investors' interest is higher than ever in whether Hayes' choice will lead to the emergence of a new market leader in the altcoin sector.

*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.*