Arthur Hayes Buys $1.1 Million in HYPE After Three-Month Pause as ETF Race Intensifies

Crypto entrepreneur Arthur Hayes has resumed buying HYPE tokens, acquiring 26,022 HYPE valued at approximately $1.1 million after a pause lasting nearly three months. The purchase was identified through Lookonchain tracking data, marking his first accumulation since early 2026 and signaling renewed confidence in the asset.

Following the latest transaction, Hayes’s total holdings increased to 247,334 HYPE, currently valued at about $10.44 million. The position is reportedly sitting on unrealized gains of 27.22%, translating to an estimated $2.23 million in profit, despite ongoing volatility across the broader crypto market.

Hyperliquid Revenue Model Supports Long-Term Price Expectations

Hayes recently reaffirmed a $150 price target for HYPE by August 2026, suggesting a potential 266% increase from current levels. He highlighted Hyperliquid’s revenue structure as a major catalyst, noting that the platform returns 97% of trading fees to buy back and burn HYPE tokens from the open market. This process creates a deflationary cycle, linking token value directly to platform usage and activity levels.

Institutional Interest Grows as Spot HYPE ETF Plans Advance

Asset management firms Bitwise and Grayscale are reportedly advancing plans to introduce spot HYPE exchange-traded funds (ETFs). Bitwise has filed an amended registration with the U.S. Securities and Exchange Commission (SEC), introducing the ticker BHYP and proposing a 0.67% management fee.

Over the past year, HYPE has gained roughly 176%, making it one of the strongest-performing large-cap tokens. However, short-term pressure remains, with the token slipping around 2% in the past 24 hours to approximately $40.91, influenced partly by geopolitical uncertainty following unsuccessful U.S.–Iran negotiations.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.