Former BitMEX CEO Arthur Hayes Gives a Bold Price Prediction for Hyperliquid's HYPE Token

Former BitMEX CEO Arthur Hayes gave a bold price prediction for Hyperliquid's HYPE token today. His comments came in response to the attention around legendary trader James Wynn's massive leveraged Bitcoin position on the Hyperliquid platform.

Hyperliquid, a decentralized exchange known for its derivatives trading and high leverage options, has been a hot topic in the crypto sphere. The platform's ability to handle traders maintaining large leveraged positions for extended periods has enticed many.

One such trader, James Wynn, has kept an enormous Bitcoin position open on Hyperliquid for an impressive 94 days. Recent data from Lookonchain reveals that Wynn has taken some profits from his 40x leveraged position, which had been opened at Bitcoin’s price of $94,000.

This action occurred as Bitcoin reached new all-time highs (ATHs) at $111,900 on Monday. At that peak, Wynn’s position carried unrealized profits of $39 million.

This trader’s activity, along with Hyperliquid’s unique model, has generated significant attention online. Former BitMEX CEO Arthur Hayes joined in on the conversation and set a price target of $100 for HYPE.

This is the best advertising for $HYPE.

Let's take this mother fucker to $100.

Yachtzee https://t.co/LYru8GfB8t— Arthur Hayes (@CryptoHayes) May 21, 2025

As the trader closed a portion of his position, Lookonchain noted that there’s a concerning pattern in that his previous three position closures were followed by drops in BTC's price.

"It remains to be seen how the market will react to the next chapter in James's saga."

Recently, trader and influencer Ben Gesell expressed his bullish sentiment toward HYPE.

Still one of the best projects in crypto with one of the best charts. Huge respect to the team for executing such a unique vision and pulling it off in bear market conditions. Amazing. Can't wait to see what they do next.https://t.co/3YQWp89Q7c— Altcoin Sherpa (@alt_charts_r_us) April 27, 2025

Several cryptocurrency analysts have also expressed bullish sentiment toward HYPE. Bitcoin analyst Luciano highlighted that he mentioned HYPE at $13 two months ago.

$HYPE is on unbelievable run, gave you this at $13 just 2 months ago.

Hyperliquid hit multiple all-time highs today, including: + Open interest: $8.9B + 24h fees: $5.4M+ USDC TVL: $3.2B

Unbelievable team, unbelievable project, $HYPE is super ready to flip $LINK and $SUI…https://t.co/hoGn1WrccV pic.twitter.com/XkXYd0d10A— Lucky (@LLuciano_BTC) May 22, 2025

According to Luciano's analysis, Hyperliquid's operational metrics are indicating strong growth. The decentralized exchange has hit multiple all-time highs today.