PANews reported on March 10th that BitMEX co-founder Arthur Hayes stated in a recent blog post that Hyperliquid (token HYPE) is a high-quality altcoin worth watching in the current market environment. He pointed out that Hyperliquid is the largest revenue-generating project, with 97% of its revenue used to buy back HYPE tokens from the market, the highest percentage in the cryptocurrency space. He believes that if the market believes HYPE can continue to attract trading volume from centralized exchanges and add new features to accelerate revenue growth, its price is expected to rise.

Hayes has set a price target of $150 by August 2026, roughly five times the current price of $30. His model assumes Hyperliquid's 30-day annualized revenue will grow from $843 million in March to $1.4 billion in August, primarily driven by the HIP-3 protocol. HIP-3 allows permissionless listing of perpetual contracts, and markets such as gold, silver, and US stock indices currently contribute nearly 10% of revenue. He believes that as competitors' token incentives diminish, real traders will return to Hyperliquid. Hayes revealed that he has already established a position in Maelstrom around $25 and plans to continue increasing his holdings.