PANews reported on March 1st that BitMEX co-founder Arthur Hayes posted on the X platform that while traditional exchanges (TradExchanges) were closed over the weekend, the decentralized derivatives platform Hyperliquid "remained open as usual," becoming a place where price discovery took place. He stated bluntly, "Price discovery happens here when traditional exchanges are asleep." Arthur Hayes also announced a target price of $150 for the platform's token, HYPE, releasing a strong bullish signal.