Former BitMEX CEO Arthur Hayes predicted that Hyperliquid’s native token, HYPE, could reach $100. His remarks followed increased attention on a high-leverage Bitcoin trade by investor James Wynn. The trading activity has drawn wide attention to the Hyperliquid platform, sparking price speculation around HYPE.

This comes amid growing interest in decentralized perpetual trading platforms, with Hyperliquid’s rising metrics putting it in the spotlight.

Arthur Hayes Predicts HYPE Price Surge to $100

Arthur Hayes shared his price forecast for HYPE on X. He claimed that Hyperliquid was getting the “best advertisement” due to its trader activity. His $100 target for HYPE followed James Wynn’s 40x leveraged position on the exchange.

This is the best advertising for $HYPE.

Let's take this mother fucker to $100.

Yachtzee https://t.co/LYru8GfB8t

— Arthur Hayes (@CryptoHayes) May 21, 2025

Wynn’s trade was widely shared on social media. It showed massive unrealized profits during Bitcoin’s climb to an all-time high of $111,900. Wynn’s position had reached $39 million in unrealized gains at the price level. Hayes noted that such publicity could organically boost HYPE’s value in the short term.

Hayes has made past forecasts for Ethereum and Solana, suggesting Ethereum may outperform in the current cycle. His latest view adds to the growing attention HYPE is receiving from crypto analysts and traders.

James Wynn’s Bitcoin Position Sparks Interest in Hyperliquid

Many in the crypto community are interested in Hyperliquid after James Wynn took a big position. Just recently, he finished part of his deal and made $1.5 million after exchanging 540 BTC. Even so, Wynn has $1 billion of BTC locked in a long position in his account.

According to on-chain tracker Lookonchain, his position continues to generate substantial unrealized profits. The platform noted a trend where previous closures by Wynn were followed by price drops in Bitcoin.

Wynn’s ability to maintain high leverage has raised questions about the platform’s risk controls. Yet, the attention has also placed Hyperliquid among the most-watched decentralized derivatives platforms in 2025.

Analysts See HYPE Competing With SUI and LINK

Other analysts have also shown optimism toward HYPE’s growth. Crypto trader Luciano pointed out that he called HYPE at $13 just two months ago. He believes HYPE could outperform SUI and LINK in market value.

$HYPE is on unbelievable run, gave you this at $13 just 2 months ago.

Hyperliquid hit multiple all-time highs today, including:
+ Open interest: $8.9B
+ 24h fees: $5.4M
+ USDC TVL: $3.2B

Unbelievable team, unbelievable project, $HYPE is super ready to flip $LINK and $SUI… https://t.co/hoGn1WrccV pic.twitter.com/XkXYd0d10A

— Lucky (@LLuciano_BTC) May 22, 2025

Luciano cited platform growth metrics such as $8.9 billion in open interest and $3.2 billion in USDC TVL. He noted that Hyperliquid is growing faster than most decentralized trading platforms. The 24-hour fees for the platform recently crossed $5.4 million.

Fellow analyst Altcoin Sherpa also posted that HYPE is “one of the best projects” based on its current chart setup. Both analysts point to sustained platform growth and community interest as key drivers for the token’s momentum.

Hyperliquid Activity and Token Utility Drive Market Speculation

All trading on Hyperliquid is facilitated using HYPE. More people trading the crypto are lifting its value. With more newcomers accessing HYPE, the platform’s value and how frequently it is traded could increase.

Data from HypurrScan shows that every day and weekly, Hyperliquid sees more people using the network and more transactions taking place than ever before. No single custodian is involved in the decentralized exchange, which means users can manage their digital wallets.

Even though market factors could determine the token’s future, analysts continue to focus on its price. Hayes’s $100 speculation could draw more people into the world of crypto trading.