Arthur Hayes Speaks About an Altcoin Again, Claims It Will Make a 5x

Arthur Hayes, a leading figure in the cryptocurrency market and former CEO of BitMEX, has shared a new altcoin price prediction that has caused a stir in the market.

Hayes argued that the price discovery phase continues on the Hyperliquid ($HYPE) chart in an environment where traditional trading platforms are closed, and claimed that his target price for $HYPE is $150. At the time of writing, $HYPE is trading at $31.

Hayes has spoken about $HYPE many times in the past, but on the other hand, according to onchain data, he has also sold off this altcoin. $HYPE, the token of the decentralized cryptocurrency exchange Hyperliquid, is the 13th largest altcoin with a market capitalization of $8 billion.

According to recent data, Arthur Hayes holds $6.9 million worth of $HYPE tokens in his known cryptocurrency wallets. Hayes has similarly made bullish statements about ENA and PENDLE tokens in the past, followed by sell-offs.

*This is not investment advice.