Former BitMEX CEO Arthur Hayes made a bold prediction at the WebX 2025 conference in Tokyo on August 25, forecasting that Hyperliquid's native token HYPE could surge 126x over the next three years. This would elevate the token from its current price of approximately $40 to over $5,000 per HYPE.
The prediction triggered an immediate market reaction, with HYPE rallying roughly 9% from a low of $43 to around $47.4 in early trading hours. Although the token has since readjusted to trade near $45, it remains in positive territory with a 2.1% daily gain, defying broader market downtrends.
Hayes' projection is based on Hyperliquid capturing a significant share of the growing stablecoin market. He anticipates the global stablecoin supply will reach $10 trillion by 2028, with Hyperliquid capturing approximately 26.4% of associated trading volume. This would boost annualized revenues from $1.2 billion today to $258 billion, providing substantial upside for the token.
The platform has demonstrated remarkable growth, capturing roughly 80% of the decentralized perpetual futures market in just over a year. DefiLlama data shows Hyperliquid ranks second among decentralized exchanges by monthly trading volume with over $17 billion, trailing only Uniswap. Notably, the exchange has become the world's most productive company by revenue per employee, generating over $1 billion in annualized revenue with just an 11-person team.
HYPE has shown strong performance throughout 2025, rallying approximately 300% from its yearly low and reaching an all-time high of $49.8 in July. Current market capitalization stands at $15.05 billion, with 24-hour trading volume surging 112% to $295 million following Hayes' comments.