AiCoin Data Insights: In the cryptocurrency market, the movements of "smart money" often indicate the next windfall. This weekend, BitMEX co-founder and Maelstrom Fund Chief Investment Officer Arthur Hayes broke a nearly three-month silence and invested approximately $1.1 million to buy 26,022 Hyperliquid ($HYPE) tokens. Arthur Hayes tweeted:

This is not just a simple increase in position. Combining Hayes' previous in-depth article "$HYPE Man" and his public statements on social media: "The only thing we are buying right now is $HYPE," we can clearly see that this crypto giant has a firm belief in Hyperliquid hitting a target price of $150.

Why is "Smart Money" Favoring Hyperliquid?

According to on-chain data, Hayes currently holds a total of 247,334 HYPE tokens, valued at over $10.44 million, with unrealized profits exceeding $2.5 million. The core logic supporting his heavy investment can be summarized in three dimensions:

1. Extreme Deflationary Buyback Flywheel

Within Hayes' investment framework, Hyperliquid is the largest non-stablecoin revenue project in the crypto space. What astonishes him most is the platform's profit distribution mechanism: "No other project in the entire crypto world can return so much money to token holders like Hyperliquid."

Hyperliquid uses up to 97% of platform revenue to buy back and burn HYPE tokens from the open market. This extreme deflationary cycle directly ties the token's value to the platform's usage, forming a strong price support base.

2. Severely Undervalued Price-to-Earnings Ratio (P/E)

By comparing HYPE's valuation model with traditional financial (TradFi) exchanges, Hayes discovered a significant valuation gap.


Hayes pointed out that due to HYPE not yet being listed on major CEXs and factors like smart contract discounts, its P/E of 12 is "ludicrously low." In his valuation model, as long as HYPE's P/E corrects to 25.2 times, combined with revenue growth brought by HIP-3, its price will reach $150 by August 2026 (nearly four times the current price).

3. ETF Catalysts and Institutional Capital Inflow

Institutional funds are accelerating their layout in HYPE. Currently, Bitwise has submitted a revised registration statement to the SEC, planning to launch the Hyperliquid index ETF coded BHYP; last month, Grayscale also submitted an S-1 application to list GHYP on Nasdaq. Once the ETF is approved, it will open a huge channel for traditional institutional capital to flow into HYPE.

Why You Should Trade on Hyperliquid?

Hayes is optimistic about HYPE's underlying support, given Hyperliquid's absolute dominance as the "on-chain perpetual contract leader." For ordinary traders, Hyperliquid is also the best trading platform choice available:

• Most Genuine Liquidity and Lowest Slippage: Hayes points out in his analysis that Hyperliquid's ADV/OI (Average Daily Volume/Open Interest) ratio is the lowest among the top five DEXs, which means its trading volume is the most genuine, rather than relying on false volume manipulation. When executing market orders from $100,000 to $10 million, Hyperliquid's slippage consistently remains the lowest across the network.
• The Macro Asset Feast Brought by HIP-3: Through the HIP-3 permissionless listing mechanism, traders can now trade traditional macro assets such as silver, gold, and the S&P 500 on Hyperliquid 24/7, with leverage exceeding that of traditional brokers. This makes Hyperliquid an important "price discovery mechanism" when traditional markets are closed on weekends.
• Dominant Market Share: According to DefiLlama data, Hyperliquid's current 24-hour perpetual contract trading volume has reached $2.6 billion, firmly securing the number one position in the network, far surpassing the second-place Aster at $1 billion.

AiCoin: Your Hyperliquid Trading Accelerator

Having witnessed Arthur Hayes' heavy bet and Hyperliquid's strong fundamentals, if you are ready to start trading on this most promising on-chain derivatives platform, AiCoin will be an indispensable tool for you.

Through AiCoin's PC client, you can experience the ultimate Hyperliquid trading:

• One-Stop Authorization: Quickly and securely connect your Hyperliquid account without frequently switching web pages.
• Millisecond Lightning Orders: In the face of volatile market conditions, use the chart hover panel to execute market orders instantly and close positions with one click.
• Visual Risk Control: Set take-profit and stop-loss directly by dragging on the candlestick chart to let profits run and cut losses.

Actual Operations are Super Simple:

Step 1: Open Hyperliquid BTC/USDC candlesticks on AiCoin

Step 2: Find the toolbar and check the lightning order option

Step 3: Click the green "Buy Long" or red "Sell Short"  → instant execution

AiCoin Exclusive Benefits: In this $2.1 billion short feast, if you haven't entered yet, now is the best time. Register through AiCoin or authorize Hyperliquid and bind the invitation relationship (Invitation Code: AICOIN88) to receive a permanent 4% fee rebate. In macro big market conditions with transaction volumes reaching billions of dollars, this 4% will be your most stable passive income.

https://app.hyperliquid.xyz/join/AICOIN88

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📖 Beginner's Tutorial:

- "AiCoin PC Hyperliquid Authorization Trading Tutorial":

 https://www.aicoin.com/zh-Hans/article/514197

- "Zero Basics Introduction! Extremely Detailed Illustrated Tutorial for First Time Trading on Hyperliquid": 

https://www.aicoin.com/zh-Hans/article/510225

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