In recent days, the Hyperliquid platform has seen significant activity from large wallets, resulting in noteworthy trading volumes. The HYPE token is also experiencing growth due to optimistic forecasts.
Activity on Hyperliquid
Over the past four days, the Hyperliquid platform witnessed notable trading activity, utilizing its Unit liquidity layer. Traders sold 19,663 BTC for approximately $2.22 billion and purchased 455,672 ETH for around $2.19 billion. The platform achieved record daily trading volumes of $3.4 billion, surpassing BTC volumes on Coinbase and Bybit, while operating smoothly with zero downtime.
Arthur Hayes' Predictions
The price prediction for the HYPE token has been bolstered by comments from Arthur Hayes at the WebX 2025 conference in Tokyo. He forecasted a 126x upside over the next three years, based on the growth of stablecoins that could elevate Hyperliquid's annual fees from $1.2 billion to as much as $258 billion. Following his statement, the HYPE token rose by 2.56%.
HYPE Price Analysis
The current price of the HYPE token is around $45.06, with a market cap of $15.04 billion. Analysts outline two scenarios: a bullish case, where the price may reach $48 and beyond, and a bearish case, where support lies at $40. The level of $48 will become crucial in determining the token's direction in the coming days.
The future of HYPE remains a hot topic, and its price will largely depend on the continuation of the current momentum. The $48 mark now stands as a significant determinant for potential changes.
