Wu Blockchain (@WuBlockchain): Arthur Hayes on HYPE's Potential Key Risks
Estimated coin impact
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- HYPE-70Negative
Arthur Hayes on HYPE's Potential Key Risks At the Token 2049 Singapore conference, Arthur Hayes, co-founder of BitMEX, addressed his previous prediction that HyperLiquid's token (HYPE) would surge 126x—only to sell his position one and a half months later. He stated that the "Sword of Damocles" hanging over HyperLiquid lies in token unlocks and intensifying competition: starting in November, the platform will have $500 million worth of team tokens available for circulation annually. Additionally, its previous 60-70% market share has been closed in on by competitors like Lighter and Aster. While acknowledging HyperLiquid's technological advantages and the possibility of hitting the 126x target by 2028, Hayes chose to step aside and wait. He plans to make a judgment only after HyperLiquid proves it has a competitive moat and actual fee-earning capacity. Video Source: https://t.co/N7ZPBaFwOj