Bullish Sentiment on HYPE Intensifies, Likelihood of Surpassing $100 This Year Rises to 36%, Grayscale Hails Hyperliquid as Future Financial Giant

BlockBeats News, May 31st - On today's HYPE breakthrough to $68.5, a new all-time high, the bullish sentiment was strong with various parties expressing optimistic views. At the same time, market predictions indicate that the likelihood of HYPE surpassing $100 this year has risen to 36%. The most influential bullish view is undoubtedly from Grayscale, which highly praises Hyperliquid in its latest research report, calling it the future financial giant and the blueprint for a global on-chain 24/7 financial market, challenging the constraints of traditional Wall Street trading hours.

BitMEX co-founder Arthur Hayes stated his optimism for the Hyperliquid ecosystem's token, HYPE, to rise to $150. Hayes wrote in a post, "HYPE to $150, against Traditional Finance (TradFi), against the 'Clarity Act,' long live Caesar."

At the Bernstein Conference, Intercontinental Exchange CEO Jeffrey Sprecher referred to Hyperliquid as a "bigger opportunity than NASDAQ," further boosting market sentiment.

Renowned researcher DeFi Monk is also very bullish on Hyperliquid's future, believing that despite regulatory uncertainty and competitive risks, the long-term potential is enormous: Hyperliquid is disrupting the global derivatives trading market, which has a daily notional trading volume of around $1 trillion. Even in its current constrained state, it remains a very robust and attractive business. If regulatory issues are resolved, the growth potential is nearly unlimited, possibly transforming into a super corporation overnight. Monk believes the worst-case scenario is maintaining the status quo with steady growth, while the best-case scenario is explosive growth.

In addition, the a16z-affiliated whale address has once again purchased 226,121 HYPE tokens today, worth approximately $14.5 million. Since April 14th, this whale has accumulated 3.9 million HYPE tokens, with a total value of around $192.6 million and an average purchase price of about $49.4.

Furthermore, according to PolyBeats monitoring, on the prediction market Polymarket, the probability of HYPE breaking $70 this year is 91%, breaking $80 is 65%, and surpassing $100 has risen to 36%.