Arthur Hayes has expanded exposure to Hyperliquid native token HYPE with renewed accumulation. BitMEX co-founder purchased 26,022 HYPE worth about $1.1 million after nearly three months. The move signals renewed bullish positioning and growing attention toward the Layer 1 ecosystem among major crypto participants today.

Following the latest purchase, Hayes now holds a total of 247,334 HYPE tokens worth $10.44 million, according to a recent post by Lookonchain. Wallet tracking indicates unrealized gains exceeding $2.5 million, showing sustained interest and a positive outlook of the investor towards the token’s development phase.

At the moment, HYPE is trading near $41 with a drop of 2% in price during the last 24 hours. HYPE is outperforming most other coins with an increase of 61% compared to the beginning of the year, but is still down 31% from its peak in September, showing that the coin is still recovering from its all-time highs amidst volatile crypto market conditions.

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ETF Momentum Strengthens Hyperliquid Ecosystem Growth

Bitwise Asset Management has advanced its Hyperliquid index ETF filing, adding an institutional dimension to the HYPE market narrative. As HYPE continues its upward momentum, there appears to be an increased interest in structured crypto exposure ETF-type investments. Combined with rising derivative activity in the crypto space, it adds up to the idea that institutions will start pouring into the ecosystem sooner or later.

Hayes has accumulated HYPE over recent months, previously selling selected altcoins to build exposure. In February, Hayes invested around $1.9 million into HYPE. In general, the investor continues shifting his exposure to HYPE at times of market rotations.

Hyperliquid Records $2.6 Billion Daily Volume Surge

Hyperliquid has managed to become the leader in terms of decentralized perpetuals’ trading volumes, reaching a record high of $2.6 billion daily. The protocol’s fee structure channels revenue into HYPE buybacks, creating continuous demand pressure. Competitors such as Aster and Lighter remain behind in monthly volume rankings, reinforcing Hyperliquid’s dominance in derivatives trading markets overall strength.

Hayes has suggested strong upside potential for HYPE, previously projecting a move toward $150 based on ecosystem growth and revenue mechanisms.

His outlook highlights buyback-driven tokenomics and sustained network activity. While predictions remain speculative, market participants continue monitoring accumulation trends and institutional developments influencing Hyperliquid’s broader valuation trajectory overall phase.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

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Filed under: Bitcoin - @ April 12, 2026 3:00 pm