BitMEX co-founder Arthur Hayes says he has re-entered his Hyperliquid (NASDAQ:PURR) trade, predicting the asset could surge more than fourfold if the protocol’s growth continues.
Reinvesting In Hyperliquid
In an interview with CoinDesk on friday, Hayes said that that he has reinvested in HYPE after previously exiting his position.
He initially sold his holdings around $50–$55, citing concerns over upcoming team token unlocks that could increase selling pressure, as well as growing competition from decentralized perpetual exchanges offering zero-fee trading models.
However, after HYPE fell to roughly $20 in January 2026, Hayes decided to buy back in, pointing to improving fundamentals.
According to Hayes, …