As Hyperliquid (HYPE) reaches new all-time highs (ATHs), Arthur Hayes has bet six figures that the token will continue to rally and outperform Solana (SOL) in the coming months.
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Arthur Hayes Doubles Down On Hyperliquid
On Sunday, BitMEX co-founder Arthur Hayes reaffirmed his bullish outlook for Hyperliquid, affirming that the token will outperform the leading cryptocurrencies by market capitalization.
In an X post, he asked long-time Solana believer and Chairman of Forward Industries, Kyle Samani, to do “a gentleman’s charitable bet” on which token would have the best performance by the end of the year.
“I put $100k on the line to a charity of your choice that HYPE outperforms any other current top ten crypto in USD terms from now until year end. Who is your champion?” Hayes stated.
Samani accepted the deal, choosing Solana as HYPE’s competitor. Notably, the Forward Industries chairman has been publicly critical of Hyperliquid, previously alleging that “Building trust is antithetical to the way Hyperliquid operates” and calling it “Binance 2.0” regarding its regulatory status in the US.
Hayes’s bet follows his conviction on HYPE’s future price action. He recently affirmed that Hyperliquid “should at a minimum overtake SOL before this bull run is over,” citing the performance of most top cryptocurrencies on short and mid-term timeframes.
Earlier this year, he also asserted that the cryptocurrency could surge to $150 by August 2026, roughly 5x higher than its then-$30 price, even if the broader crypto market continues to perform weakly.
Since then, the token has already surged nearly 2.4x, flipping Dogecoin (DOGE) to enter the top 10 cryptos by market capitalization, and continuing to reach new all-time highs over the past few weeks.
HYPE To Rally To $163?
Over the weekend, Hyperliquid broke past the $65 resistance and began a multi-day price discovery streak that has been developing since Friday. After breaking the $70 on Sunday, the cryptocurrency jumped nearly 6% to reach its latest all-time high of $74.18 on Monday morning.
Amid this performance, market observer Ali Martinez retracted his previous warning about a potential top, noting that “HYPE continues to make new record highs, pushing deeper into price discovery.”
Last week, the analyst shared the “unpopular opinion” that Hyperliquid had reached its market top after reaching its recent highs and printing sell signals on the TD Sequential daily and three-day charts.
As reported by NewsBTC, Martinez had highlighted that HYPE was “approaching a critical resistance area while multiple indicators are flashing warning signs,” following its massive performance.
He pointed out that the token was seeing a similar setup to the last two times TD Sequential sell signals appeared on HYPE’s chart, while the RSI and Chande Momentum Oscillator were also at overheated levels, which led to significant corrections.
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Based on that, he stated that Hyperliquid could still push toward $59 or slightly above $60 before momentum faded, warning that a rejection from that area could increase the chances of a retrace toward the $40 support.
Now, the analyst noted that these sell signals have been invalidated, and shared potential price discovery rally targets of $97 and even $163, as momentum continues.
As of this writing, HYPE trades at $71.8, a 16.8% increase in the weekly timeframe.
Featured Image from Unsplash.com, Chart from TradingView.com