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- Arthur Hayes says HYPE is the only token his firm is buying right now.
- He predicts a potential 4x rally, targeting $150 by 2026.
- Hayes exits ETHFI at a loss and takes profits on AUKI.
Crypto heavyweight Arthur Hayes is doubling down on a single conviction play: the HYPE token. While much of the market remains mixed, Hayes says his firm is currently buying just one asset — and it’s not among the usual large-cap names.
Hayes Calls HYPE the Only Buy Right Now
In a recent post, Hayes revealed that his investment focus is fully concentrated on Hyperliquid’s native token, HYPE. The project, built around the Hyperliquid ecosystem, has quickly emerged as a dominant force in decentralized derivatives trading.
Hayes argues that Hyperliquid stands apart due to its strong revenue generation. Unlike many DeFi platforms, it channels a significant portion of earnings back into the token. Reports indicate that roughly 97% of its revenue is used for buybacks, a mechanism that can support price growth over time.
He has set an ambitious target of $150 for HYPE by August 2026 — a projected fourfold increase from its current range near $35–$40. The bullish outlook is also tied to Hyperliquid’s expanding product scope, including tokenized commodities such as oil futures, which are already generating billions in trading volume.
Selling ETHFI at a Loss
While backing HYPE, Hayes is trimming exposure elsewhere. According to on-chain data, he recently exited a position in EtherFi (ETHFI) — and not at a profit.
He reportedly accumulated over 265,000 ETHFI tokens earlier this year at higher prices, only to sell them later at a loss. The move resulted in an estimated 13% drawdown, highlighting the risks even seasoned investors face in volatile markets.
Despite the sale, ETHFI has shown signs of recovery, posting modest gains in recent trading sessions.
Profit-Taking on AUKI After Short-Term Rally
Hayes is also reducing exposure to AUKI following a recent surge. On-chain trackers show he transferred millions of AUKI tokens to a trading desk, signaling intent to sell.
The token had jumped around 5% in 24 hours, supported by a broader market rebound. Increased trading activity and volume suggest short-term momentum, making it a logical window for profit-taking.
Also Read: Hyperliquid and $9B DOJ Bitcoin: Crypto’s Next Big Crisis?
Hayes’ latest moves reflect a highly concentrated strategy — aggressively backing one high-conviction asset while cutting positions elsewhere. His bullish stance on HYPE underscores growing interest in decentralized derivatives platforms and revenue-driven token models.
Still, the contrasting outcomes — conviction buying in HYPE versus losses in ETHFI — serve as a reminder that even bold strategies carry risk in crypto’s fast-moving landscape.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
