Crypto Founder Predicts This Altcoin Sweetheart Will Overtake Solana, But How Far Will It Go?

bitcoinistPublished on 2026-06-01Last updated on 2026-06-01

Abstract

BitMEX co-founder Arthur Hayes predicts that the altcoin Hyperliquid (HYPE) will surpass Solana in market capitalization before the current market cycle ends. He reiterated his price target of $150 for HYPE, expecting it to be reached by the second half of the year. At the time of his prediction, HYPE was trading below $70 with a $15 billion market cap. It has since rallied to a new all-time high above $73, achieving an $18 billion market cap and becoming the 9th largest cryptocurrency, overtaking Dogecoin. Hayes' forecast implies HYPE's market cap could exceed $48 billion, pushing its price above $100. He attributes the potential growth to the Hyperliquid DEX gaining traction, with up to 99% of fees used to buy and burn HYPE tokens. In a separate challenge, Hayes wagered $100,000 for charity that HYPE will outperform any other top crypto by market cap from now until year-end. Currently, HYPE is the best-performing top 10 crypto year-to-date, up 188%.

BitMEX co-founder Arthur Hayes has predicted that the altcoin Hyperliquid will overtake Solana before this market cycle ends. The crypto founder has also reiterated his $150 price target for the HYPE token, predicting it will be reached by the start of the second half of the year.

Arthur Hayes Predicts Hyperliquid Will Overtake Solana In Market Cap

In an X post, Hayes opined that Hyperliquid should, at a minimum, overtake Solana before this “bull run” is over. The crypto founder also remarked that his portfolio was in a bull market, even as another X user stated that the crypto market was in a bear market. It is worth noting that the BitMEX co-founder has recently revealed exposure to HYPE, ZEC, and NEAR, which are among the altcoins that have recorded significant gains over the past few weeks.

Meanwhile, Hayes’s prediction that Hyperliquid will overtake Solana came while the altcoin was still trading below the psychological $70 price level and at a $15 billion market cap. Since then, HYPE has rallied to a new all-time high (ATH) above $73, boasting a market cap of $18 billion and overtaking Dogecoin to become the 9th largest crypto by market cap.

Hyperliquid potentially overtaking Solana means the altcoin’s market cap could still rise above $48 billion, making it the 7th-largest crypto by market cap. It also means HYPE’s price could rise above $100, a development the crypto founder is confident will occur. Hayes recently reiterated that the altcoin will still rally to $150.

Hayes has before now predicted that HYPE will rally to $150 by August this year. He predicted that this would happen as the Hyperliquid DEX continues to gain more traction, which will, in turn, boost fees earned on the platform and the token buybacks. It is worth noting that the DEX currently uses up to 99% of fees earned to buy and burn HYPE tokens.

Arthur Hayes Challenges Kyle Samani

In another X post, Hayes challenged Solana advocate Kyle Samani to a “charitable bet.” He told him that he will put $100,000 on the line to a charity of Samani’s choice that HYPE outperforms any other current top crypto by market cap from now until year-end. The crypto founder then asked Samani to pick a coin that he thinks would outperform HYPE.

Hyperliquid is currently the best-performing crypto among the top 10 cryptos by market cap with a year-to-date (YTD) gain of 188%. Justin Sun’s Tron is the only other crypto in the rankings that is green this year, with a YTD gain of 23%.

At the time of writing, the Hyperliquid price is trading at around $73, up over 5% in the last 24 hours, according to data from CoinMarketCap.

HYPE trading at $72 on the 1D chart | Source: HYPEUSDT on Tradingview.com

Related Questions

QWhat is Arthur Hayes' prediction for Hyperliquid's market position relative to Solana?

AArthur Hayes predicts that Hyperliquid will overtake Solana in market capitalization before the current market cycle (bull run) ends.

QWhat specific price target did Arthur Hayes reiterate for the HYPE token, and by when?

AHe reiterated a price target of $150 for the HYPE token, predicting it will be reached by the start of the second half of the year (around August).

QWhat was the significance of Hyperliquid's market performance at the time the article was written?

AHyperliquid had rallied to a new all-time high above $73, with an $18 billion market cap, overtaking Dogecoin to become the 9th largest cryptocurrency by market cap.

QWhat mechanism does the Hyperliquid DEX use that could contribute to HYPE's price increase?

AThe Hyperliquid DEX uses up to 99% of the fees it earns to buy and burn HYPE tokens, reducing supply.

QWhat was the nature of the challenge Arthur Hayes made to Kyle Samani?

AHayes challenged Kyle Samani to a $100,000 charitable bet, wagering that HYPE will outperform any other current top crypto by market cap from the time of the challenge until the end of the year.

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