BitMEX co-founder Arthur Hayes has revealed that Hyperliquid’s HYPE token is currently the only asset he is buying. The comment comes as HYPE posts strong gains, with the token rising around 9% in the past 24 hours and extending its rally this year.
Arthur Hayes Backs Hyperliquid’s HYPE Token
Arthur Hayes is very bullish on the HYPE token (the native asset of Hyperliquid). It is one of the fastest-growing trading platforms in crypto.
He recently said, “the only thing we’re buying right now is HYPE,” showing strong confidence.
One of the key reasons is its rapid growth. Hyperliquid is generating around $1 billion annually from trading fees. Also, the platform uses 97%–99% of fees to buy back HYPE tokens, which helps push the price up.
Hayes also says no other crypto project gives back this much value to token holders.
This is not the first time Arthur Hayes has turned bullish on HYPE. Last month, he predicted the token could surge to $150 by August 2026.
Meanwhile, Arthur Hayes is buying HYPE while selling other tokens, including ETHFI and AUKI.
Big Buyers Keep Loading HYPE
But it’s not just Arthur Hayes buying HYPE. The Hyperliquid Assistance Fund also bought 39,000 HYPE for $1.4 million at around $36.88.
On April 7, 2026, the fund holds 42.99 million HYPE, purchased for about $1.04 billion, with an average price of about $24.3. This is part of Hyperliquid’s buyback and burn plan.
At the same time, HyperCore continues to buy HYPE in small amounts, usually between $1.5M and $1.7M.
However, big whales are also joining in. One whale, “yeti.hl,” bought 58,884 HYPE worth $2.19M at around $37.21 per token.
HYPE Token Jumps 9%, Up Nearly 60% This Year
Following Hayes’ statement, the HYPE token recorded a sharp price move. The token is currently trading around $39, up nearly 9% in the past 24 hours.
The token has also seen strong performance over a longer period. Since the start of the year, HYPE is up nearly 60%, making it one of the top performers in the derivatives space.
Hayes’ support brought more attention. As trading volume quickly jumped by 75%, reaching around $320 million in just 24 hours.
This rise shows growing use and higher activity on Hyperliquid.
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