Arthur Hayes, founder of BitMEX, expressed skepticism about the investment potential of Hyperliquid's HYPE token due to increasing competition among decentralized perpetual futures platforms. While he acknowledges strong demand for Hyperliquid's trading products, he questions whether HYPE can outperform alternatives like Ether (ETH) and Zcash (ZEC). Hayes differentiates between using Hyperliquid's products as a consumer and investing in the token, highlighting that demand for the product does not guarantee the token's value will hold or outperform others. His caution reflects a broader trend of similar offerings in the sector, which reduces HYPE's risk-reward appeal despite real market demand.
As of Oct 24, 2026 03:02 WIB, Hyperliquid's HYPE token trades at Rp1.393.472 with a slight 1-day decline of 0.20%, contrasting with Ethereum's Rp43.148.904 price, which gained 0.46% in the same period. Zcash also outperformed HYPE with a price of Rp22.086.172 and a 0.83% increase. Despite HYPE's substantial market cap of Rp354,66T, its typical hold time on Pluang is 38 days, much shorter than ETH's and ZEC's typical hold times of 108 and 107 days respectively, highlighting differences in investor engagement.
On October 23, Binance Coin (BNB) increased by 1.78% to $746.17, showing positive momentum in the digital asset market. Meanwhile, Ether (ETH) remained stable at $2,402.89 with no change over 24 hours, indicating a period of price consolidation. Hype...
In the latest 24-hour crypto fund flow data, Bitcoin (BTC) experienced a net outflow of $43.60 million, with $1.87 billion inflows and $1.92 billion outflows. Ethereum (ETH) led net inflows, attracting $77.08 million with $1.02 billion inflows agains...
On October 22, 2026, U.S. altcoin spot ETFs showed mixed net flows: XRP, HBAR, ZEC, and NEAR ETFs recorded inflows, while SOL and HYPE ETFs experienced outflows. XRP spot ETFs attracted $3.55 million, continuing a positive trend, while SOL ETFs saw $...
Hyperliquid Strategies purchased 130,000 Hyperliquid (HYPE) tokens this week, increasing its total holdings to 38.83 million tokens valued at approximately $3.055 billion. The purchase cost about $10.23 million. Previously, the company had acquired 1...
On October 22, large limit orders for Bitcoin (BTC), Ether (ETH), and HYPE totaling about $121 million were newly placed or repriced and remained open in key monitored accounts. Bitcoin accounted for the largest share with approximately $73.62 millio...
