Arthur Hayes Advocates for Hyperliquid (HYPE) While Divesting from ETHFI and AUKI
- Arthur Hayes, CIO of Maelstrom, stated that his team is exclusively buying HYPE token.
- He set a price target of $150 for HYPE by August, suggesting a potential increase from the current $35-$40 range.
- Hayes sold ETHFI tokens at a loss of $17.6K after purchasing them for $135.4K.
- He also moved over $19K worth of AUKI tokens to FlowDesk for selling.
- AUKI’s price increased by about 5% amid broader market gains following a US-Iran ceasefire.
Hayes’ focus on HYPE reflects his belief in its revenue-generating capabilities, as Hyperliquid uses significant revenue to buy back HYPE tokens. Meanwhile, his recent trades in ETHFI and AUKI highlight active portfolio management amidst fluctuating market conditions.
Hayes’ strategic moves include selling ETHFI at a loss while promoting HYPE as the only token worth buying now, indicating a clear investment direction amidst market volatility.
