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Arthur Hayes Reiterates HYPE Could Reach $150, Middle East Tensions Drive On-Chain Oil Trading
Svmuu News: BitMEX founder Arthur Hayes stated on platform X that during weekends when traditional exchanges are closed, price discovery may shift to crypto-native platforms. He pointed out that against the backdrop of escalating Middle East conflicts, Hyperliquid's oil price perpetual contract CL-USDC could become a crucial price discovery market for weekend oil price movements. Hayes further reiterated that with increased trading activity in related contracts, the target price for Hyperliquid's platform token HYPE could reach $150.
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