Amid escalating tensions in the Middle East, investors have turned to decentralized platforms to take long positions in futures and commodity derivatives linked to traditional finance. This shift boosted trading volume and fee revenues on Hyperliquid, accelerating the upward move in HYPE’s price. Increased platform activity and bullish derivatives positioning have been among the core drivers behind HYPE’s recent gains.

Rising Trading Volume and Fee Revenues Accelerated HYPE Burns

High trading volume—particularly in oil futures—on the Hyperliquid platform significantly increased protocol fee revenues. As geopolitical developments intensified activity in commodities and energy derivatives, trading activity on the platform surged, directly impacting HYPE’s tokenomics. Hyperliquid’s fee model allocates a portion of platform revenues to automatic HYPE buybacks and burns, meaning that higher trading volumes directly reduce circulating supply.

According to DefiLlama data, the protocol generated:

• Approximately $1.77 million in fees over the last 24 hours
• Over $10.07 million in fees in the past 7 days

Thanks to strong revenue flows, around $9.22 million worth of HYPE tokens were burned in the past week alone. This represents a 20.4% increase compared to the previous period, highlighting the acceleration of the deflationary mechanism. The rising burn rate has reduced circulating supply and created upward price pressure. As trading volume increases, the burn amount grows proportionally, strengthening the “revenue-backed supply contraction” narrative for HYPE. This structure has boosted investor interest and contributed to the token’s relative outperformance against the broader market.

Supply Squeeze Narrative Gains Strength

Another key factor attracting investors to HYPE is the renewed “supply squeeze” narrative gaining momentum across the altcoin market. On the Hyperliquid side, volume-driven token burns and the slowing of emissions in some major projects have increased demand for assets with limited circulating supply. This has renewed interest in revenue-generating tokens with active burn mechanisms.

This week’s expected token unlock of roughly $316 million worth of HYPE did not initially create the strong selling pressure the market had anticipated. The unlocked amount corresponds to approximately 2.7% of total circulating supply, reinforcing expectations that net supply growth will remain limited.

Investors believe that with the acceleration of the burn mechanism, a significant portion of newly unlocked tokens could be absorbed relatively quickly. In previous unlock events, the actual net selling pressure proved lower than expected, helping to contain panic selling ahead of this unlock. As a result, market participants have increasingly priced in the scenario that supply growth may have a limited impact on price, while the burn mechanism could act as a balancing force.

HYPE Outperforms Bitcoin

In recent days, increased user inflows to the Hyperliquid platform—particularly concentrated in derivatives trading—have helped HYPE outperform Bitcoin. Rising geopolitical tensions in the Middle East have increased uncertainty in traditional markets, prompting some investors to shift toward decentralized derivatives platforms. This shift boosted Hyperliquid’s trading volumes and indirectly increased token burns, supporting HYPE’s price. The rally in HYPE is directly tied to rising trading volumes, strong fee revenues, and an accelerating token burn mechanism. Despite the upcoming token unlock, expectations of limited net supply growth have reduced concerns about selling pressure. As long as platform activity remains elevated, supply squeeze dynamics and burn data are likely to remain key drivers of HYPE’s price action.

Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our Telegram, YouTube and Twitter channels for the latest news and updates.

The post Why Is Hyperliquid (HYPE) Rising? appeared first on Coin Engineer.

Hyperliquid (HYPE) Price Prediction

According to Hayes, HYPE has not yet reached its true valuation. He argues that the token is still undergoing price discovery and that the market has not fully priced in its potential. Once this discovery phase is complete, Hayes believes HYPE could climb into triple-digit territory, maintaining a long-term price target of $150. Currently trading at around $31 with a market capitalization of approximately $8 billion, HYPE ranks among the top 15 altcoins by market value. Based on current levels, Hayes’ $150 target implies nearly a 5x upside. However, for this scenario to materialize, both broader market conditions and the continued growth of the Hyperliquid ecosystem would need to remain strong.

Hayes commented:

“While traditional markets are closed, price discovery in the HYPE chart continues. My long-term target is $150.”

This statement has drawn particular attention from investors interested in derivatives exchanges and on-chain trading ecosystems.

Controversy Around Hayes’ Past HYPE Activity

Arthur Hayes has previously made multiple bullish statements about HYPE and openly expressed his interest in the project. However, on-chain data indicates that he has also sold portions of his HYPE holdings during previous price rallies. This has occasionally sparked debate within the market, as investors closely monitor the relationship between his public statements and wallet activity. Recent data shows that wallets associated with Hayes still hold approximately $6.9 million worth of HYPE tokens. This suggests he has not fully exited his position and continues to maintain significant exposure. Large investor portfolio movements, especially in highly liquid altcoins, are closely watched for short-term market signals.

Hayes has followed similar patterns before with other altcoins such as Ethena and Pendle, where he expressed bullish expectations before selling at certain price levels. As a result, his latest comments on HYPE are being interpreted in two ways: as a strong bullish signal, but also as a potential setup for future profit-taking. The transparency of on-chain data makes such movements particularly significant following public statements.

Why Is Hyperliquid (HYPE) Gaining Attention?

Hyperliquid stands out as a next-generation decentralized derivatives exchange. Offering high speed, low transaction fees, and an on-chain liquidity structure, it has quickly attracted a substantial user base. With an $8 billion market capitalization, HYPE has entered the ranks of major altcoins and is closely followed by professional traders and DeFi participants. Arthur Hayes’ $150 target for Hyperliquid (HYPE) has reignited debate in the market. Given the current price level, this projection signals strong upside expectations. However, considering Hayes’ history of similar bullish calls followed by strategic selling, investors continue to monitor both his statements and on-chain wallet movements carefully.

Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our Telegram, YouTube and Twitter channels for the latest news and updates.

The post Arthur Hayes Expects a Rally for This Altcoin! appeared first on Coin Engineer.

What Does Hayes Hold in His Crypto Portfolio?

According to his recent statement, Hayes currently holds four cryptocurrencies: Bitcoin, Ether, Zcash, and HYPE. For an investor previously recognized for broad altcoin exposure—including speculative segments such as meme tokens—this streamlined selection marks a notable shift.

Of the four, only Zcash and HYPE fall outside the two largest digital assets by market capitalization. The absence of a wider basket of alternative tokens suggests a more selective stance in the current market cycle. This repositioning may reflect a recalibration of risk amid evolving liquidity conditions and macroeconomic uncertainty.

Hayes is also a co-founder of the Maelström fund, which has previously taken sizable positions across various altcoin sectors. In contrast, his present holdings indicate a tighter and more deliberate crypto strategy.

Exposure Beyond Digital Assets

The portfolio is not limited to cryptocurrencies. Hayes outlined allocations to equities, mining companies focused on gold, silver, and copper, major oil producers, and energy firms operating in Latin America. He also referenced defense industry companies—described in his own words as “merchants of death”—indicating exposure to large-scale military and defense contractors.

In addition, he confirmed ownership of physical gold. This detail reinforces a broader macro thesis centered on hard assets and inflation resilience.

No Cash Position, Focus on Productive Assets

Another striking aspect of Hayes’ allocation is the absence of cash. He has previously noted that U.S. Treasury holdings can provide passive income sufficient to cover expenses. Rather than holding idle liquidity, his approach appears oriented toward income-generating or store-of-value assets.

Overall, the structure of his portfolio reflects a macro-conscious framework: limited but high-conviction crypto exposure combined with commodities, energy, and defensive equities. The reduced number of digital assets suggests heightened selectivity rather than retreat, signaling a disciplined approach in uncertain market conditions.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Arthur Hayes Reveals the 4 Cryptocurrencies in His Portfolio appeared first on Coin Engineer.

An Ambitious Target for HYPE from Arthur Hayes

In his assessment, Arthur Hayes stated that the HYPE token could deliver strong performance in the coming period. He argued that potential financial stress and liquidity shifts in global markets may trigger rapid and sharp upward movements in certain altcoins. During such periods, capital flowing into alternative assets can drive stronger-than-expected price action in selected projects. Hayes suggested that fragilities in the financial system could create new opportunities in the crypto market and described the $150 target for July as achievable. He noted that this level represents approximately a fivefold increase from current prices, adding that a potential liquidity expansion and a change in risk appetite could act as powerful catalysts for assets like HYPE.

The prominent investor also highlighted growing risks in the global financial system. Hayes described Bitcoin’s recent weakening correlation with the Nasdaq 100 index as an “alarm” for global fiat liquidity conditions. According to him, this divergence could signal the onset of a credit crunch and a period of market stress. Hayes further warned that the rapid adoption of artificial intelligence could significantly reshape the labor market. He suggested that around 20% of white-collar workers could lose their jobs, potentially increasing default rates in consumer and mortgage loans. Such a scenario, he noted, could lead to hundreds of billions of dollars in losses for commercial banks.

Fed Policy and Altcoin Strategy

Hayes stated that even if Bitcoin experiences sharp declines, market pressure could persist if the U.S. Federal Reserve (Fed) does not resume monetary easing. However, in the event of a financial crisis or credit contraction, he believes the Fed would be forced to step in to support the economy and inject liquidity into the system. Such intervention could reignite demand for risk assets.

Under this scenario, Hayes indicated that his Maelstrom fund could allocate part of its stablecoin holdings to altcoins such as ZEC and HYPE. He argued that altcoins often show stronger and faster price movements during periods of fresh liquidity entering the market. Therefore, a potential phase of monetary expansion could trigger sharp rallies, particularly in select altcoins.

A New Wave of Speculation in the Market?

Hayes’ statements are widely viewed as capable of igniting a new speculative wave in the altcoin market. Large investors shifting toward specific projects during potential liquidity expansion phases could significantly accelerate short-term price movements. Arthur Hayes’ $150 projection for HYPE has once again turned market attention toward altcoins. Global liquidity trends, Fed policy decisions, and possible financial stress scenarios will likely continue to shape the direction of crypto market price action in the coming period.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Arthur Hayes: Expects an Explosion in This Altcoin’s Price! appeared first on Coin Engineer.

Details of Arthur Hayes’ HYPE Purchase

According to data shared by the on-chain analytics platform OnchainLens, Arthur Hayes added 20,274 HYPE tokens to his wallet approximately five hours ago. Based on market prices at the time of the transaction, the purchase was valued at around $603,000. The fact that the transfer was executed in a single, high-volume transaction drew particular attention, distinguishing it from routine buying activity.

With this latest acquisition, Hayes’ total HYPE holdings have risen to 189,195 tokens, currently valued at approximately $5.79 million. According to analysts, a position of this magnitude suggests a deliberate, long-term investment strategy rather than short-term speculation. Given Hayes’ experience navigating market cycles, such a move is seen as reinforcing expectations surrounding HYPE’s potential.

Why Are Hyperliquid and HYPE Gaining Attention?

Hyperliquid has recently emerged as one of the notable projects in the crypto ecosystem, particularly due to its derivatives-focused, high-performance decentralized exchange (DEX) infrastructure.

Key factors contributing to its growing popularity include:

• Low-latency trading infrastructure
• On-chain transparency
• User-friendly interface
• Increasing trading volume and user adoption

Amid heightened volatility in global markets, investors have shown growing interest in DeFi protocols and derivatives-focused DEX platforms. As alternatives to traditional exchanges, these platforms attract users through leveraged trading opportunities and on-chain liquidity advantages.

Arthur Hayes increasing his position in HYPE aligns with this broader trend and is being interpreted as a strategic move consistent with the shift toward decentralized financial infrastructure.

Arthur Hayes’ Market Influence

As the co-founder of BitMEX, Arthur Hayes has frequently made headlines with his macroeconomic insights and analysis of crypto market cycles. For this reason, his wallet movements are often viewed as potential indicators of market sentiment. While large wallet movements can signal confidence, analysts caution that such actions alone do not guarantee price appreciation. Experts remind investors that high-volume purchases do not automatically translate into sustained upward price trends. Hayes’ increased exposure to HYPE has brought renewed attention to the Hyperliquid ecosystem from both institutional and retail investors. However, market participants are advised to prioritize risk management, assess prevailing market conditions, and conduct their own research before making investment decisions.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Arthur Hayes Made a Large Purchase of This Altcoin! appeared first on Coin Engineer.

Large ETH Transfers From Wallets Linked to Multicoin

On-chain analysis indicates that wallets associated with Multicoin Capital executed substantial Ethereum (ETH) transfers during the last week of January. As of January 22, a total of 87,100 ETH (approximately $220 million) was transferred from linked addresses to a deposit address associated with Galaxy Digital. This transaction stands out as one of the most notable institutional movements observed on-chain.

Market participants have interpreted this sizeable transfer as a signal that Multicoin may be gradually reducing its Ethereum exposure, potentially marking the beginning of a strategic portfolio rotation.

Shift From ETH to HYPE Token

On-chain data further shows that shortly after the ETH transfers, on January 23, a wallet linked to Multicoin Capital began acquiring HYPE tokens via Galaxy Digital. The timing is viewed as a strong indication that Multicoin initiated a rotation from Ethereum into altcoins.

The first major HYPE transfer was recorded on January 26, when approximately 465,000 HYPE tokens (around $16 million) were sent to Multicoin. This transaction ranked among the largest HYPE transfers observed on-chain.

Over $30 Million in HYPE Transfers in Five Days

Over the following five days, an additional 990,000 HYPE tokens (approximately $30.6 million) were transferred to wallets associated with Multicoin Capital, again through Galaxy Digital. In total, HYPE transfers during this short period exceeded $46 million.

The size and timing of these transfers suggest a deliberate and strategic accumulation process. While no similarly large transactions have been detected on-chain since, analysts note that institutional portfolio reallocations often occur gradually, leaving open the possibility of further transactions in the coming days.

No Official Confirmation Yet

So far, Multicoin Capital has not issued an official statement regarding these alleged ETH sales or HYPE purchases. As such, the claims remain based solely on on-chain data and analytical interpretations.

Experts emphasize that institutional portfolio rotations often take place ahead of narrative shifts or emerging trends. If confirmed, Multicoin’s potential move from Ethereum to HYPE could be interpreted as a significant signal that institutional investors are seeking new opportunities within the altcoin market. Until official confirmation is provided, however, investors are advised to interpret on-chain data with caution.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Did a Major Asset Manager Exit Ethereum and Enter This Altcoin? appeared first on Coin Engineer.

What Does the Coinbase Listing Roadmap Mean?

Coinbase’s listing roadmap is known as a transparent system through which assets under consideration for listing on the platform are publicly disclosed. When a token is added to the roadmap, it signals that its technical infrastructure, security standards, and regulatory compliance are under review. However, it is important to emphasize that inclusion in the roadmap does not guarantee an eventual listing.

That said, historical examples show that a significant portion of projects added to the listing roadmap have later gone on to be listed on Coinbase. As a result, the addition of Hyperliquid (HYPE) to the roadmap is being closely watched by investors and market participants, with expectations surrounding the project continuing to strengthen.

What Is Hyperliquid (HYPE)?

Hyperliquid is a decentralized Layer-1 blockchain that offers a platform optimized for perpetual futures contracts (perps) and spot asset trading. Unlike traditional exchanges, all transactions on Hyperliquid are executed fully onchain and are supported by a high-performance order book engine known as HyperCore. This system is capable of processing up to 200,000 orders per second and delivers fast and reliable performance through its HyperBFT consensus mechanism, which provides single-block finality.

The core objective of Hyperliquid is to democratize financial markets by delivering the speed and liquidity typically associated with centralized exchanges (CEXs) in a decentralized structure. The platform uses USDC as collateral, offering access to more than 100 perpetual contracts as well as spot trading. In addition, Hyperliquid’s proprietary “hyperps” products stand out with a pricing model designed to be resistant to price manipulation.

Market Impact of the Coinbase Move

Projects added to Coinbase’s listing roadmap often experience increased investor interest and short-term spikes in trading volume. The inclusion of HYPE on the roadmap has boosted its visibility and strengthened market expectations. Such announcements are closely followed by short-term traders and can lead to sharp and rapid price movements. However, experts caution that being added to the roadmap alone does not guarantee a listing and should not be viewed as sufficient grounds for an investment decision.

Analysts also warn that price volatility may increase significantly following roadmap-related news. For this reason, investors are advised to remain cautious, establish risk management strategies in advance, and wait for an official listing announcement. Closely monitoring technical developments within the Hyperliquid project and overall market conditions can also help support a more informed and balanced assessment.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post New Coin Added to Coinbase Roadmap! appeared first on Coin Engineer.

Which Altcoins Are Included?

The list of assets covered in Bitwise’s ETF filings reflects a diverse cross-section of the crypto ecosystem. Rather than concentrating on a single narrative, the selection spans decentralized finance, Layer-1 infrastructure, privacy-focused networks, and emerging blockchain technologies.

The altcoins included in the applications are:

• Aave (AAVE)

• Uniswap (UNI)

• Zcash (ZEC)

• Canton (CC)

• Ethena (ENA)

• Hyperliquid (HYPE)

• Near (NEAR)

• Starknet (STRK)

• Sui (SUI)

• Bittensor (TAO)

• Tron (TRX)

This broad asset mix highlights Bitwise’s intention to capture multiple growth segments within the digital asset market rather than betting on a single category.

Why Spot Altcoin ETFs Matter

Spot ETFs allow investors to gain exposure to crypto assets through regulated financial products without the need to directly hold or custody tokens. For institutional investors, family offices, and traditional funds, this structure reduces operational complexity while aligning with existing compliance frameworks.

By extending ETF applications to altcoins, Bitwise is effectively acknowledging that institutional demand is evolving. The market is no longer limited to flagship assets, and alternative blockchain networks are increasingly viewed as investable instruments within a diversified portfolio.

Potential Market Impact

If approved, these ETFs could contribute to increased liquidity and broader market participation for the underlying assets. Easier access through traditional investment channels may also support more efficient price discovery over time.

In addition, Bitwise’s initiative could encourage other asset managers to pursue similar products, accelerating competition and innovation in crypto-based financial instruments.

A New Phase of Institutional Adoption

This development points to a new stage in institutional crypto adoption—one where altcoins are no longer peripheral but actively considered within structured investment products. As ETF offerings expand and diversify, digital assets may continue to solidify their position within global financial markets.

While regulatory outcomes remain uncertain, Bitwise’s move is a clear signal that the long-term potential of the altcoin market is gaining serious institutional recognition.

This content does not constitute investment advice. Cryptocurrency markets involve significant risk, and investors should conduct their own research before making any financial decisions.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Bitwise Files Applications for 11 New Altcoin ETFs appeared first on Coin Engineer.

The proposal represents one of the most substantial supply-side developments in Hyperliquid’s history and highlights the protocol’s growing emphasis on transparency, immutability, and long-term economic clarity.

How the Assistance Fund Operates

The Assistance Fund is an integral component of Hyperliquid’s Layer-1 execution framework and functions in a fully automated manner. Trading fees generated across the platform are systematically converted into HYPE tokens without manual intervention or discretionary control.

These tokens are held at a dedicated system address:
0xfefefefefefefefefefefefefefefefefefefefe

This address is architecturally similar to a zero address and has never been associated with a private key. As a result, the funds stored there are mathematically inaccessible. Without implementing a hard fork, retrieving or utilizing these tokens is impossible under the current protocol design.

What the Validator Vote Really Means

A “Yes” vote from validators would not trigger an onchain transaction or technical change, as the tokens are already unreachable. Instead, the vote establishes a binding social consensus: the HYPE stored in the Assistance Fund will be treated as permanently burned, and no future protocol upgrade will be authorized to access that address.

This approach reinforces supply integrity without introducing technical risk, while simultaneously sending a strong signal to the market about Hyperliquid’s commitment to predictable and verifiable token economics.

Governance Timeline and Participation

The voting process unfolds across three key milestones:

• December 21, 04:00 (UTC): Validators declare their stance (“Yes” or “No”) in the governance forum.

• December 24, 04:00 (UTC): Users may delegate stake to validators aligned with their view.

• December 24, 04:00 (UTC): Final outcome determined via stake-weighted consensus.

What Is Hyperliquid?

Hyperliquid is a fully onchain Layer-1 blockchain purpose-built for perpetual futures and spot trading. Unlike traditional exchanges, all activity occurs onchain and is powered by HyperCore, a high-performance order book engine capable of processing up to 200,000 orders per second. Finality is achieved within a single block through the HyperBFT consensus mechanism, delivering speed comparable to centralized platforms while preserving decentralization.

If approved, the burn recognition vote would mark a defining moment for Hyperliquid—both economically and philosophically—by permanently reducing supply while strengthening trust in the protocol’s governance framework.

What is Hyperliquid? What Does It Do?

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Hyperliquid Signals Major Supply Shift as 37M HYPE Faces Burn! appeared first on Coin Engineer.

As decentralized finance continues to mature, platforms capable of meeting institutional standards for performance, transparency, and reliability are gaining strategic importance. Hyperliquid appears to be aligning itself precisely with this shift.

Bitwise Advances HYPE ETF Filing

Asset management firm Bitwise has taken a notable step forward in its Hyperliquid-related ETF initiative. The latest amendment to the filing includes the addition of an 8-A registration, the disclosure of a 67 basis point annual management fee, and confirmation that the product will trade under the ticker symbol $BHYP.

Within traditional financial markets, such procedural updates are commonly interpreted as signals that a fund is approaching its final pre-launch phase. While an official approval date has not yet been announced, the structure and completeness of the filing suggest that the process is moving into its later stages.

This development underscores a broader trend: institutional investors are expanding their exposure beyond spot crypto products and increasingly exploring infrastructure-level and derivatives-focused opportunities within the DeFi landscape.

What Is Hyperliquid?

Hyperliquid is a purpose-built Layer-1 blockchain designed specifically for on-chain perpetual futures and spot trading. Unlike many decentralized exchanges that rely on automated market makers, Hyperliquid operates with a fully on-chain order book, delivering a trading experience closer to that of centralized platforms.

At the core of the system is HyperCore, a high-performance matching engine capable of processing approximately 200,000 orders per second. This engine is paired with HyperBFT, a proprietary consensus mechanism that enables single-block finality, allowing for fast and deterministic transaction settlement.

All trades on Hyperliquid are executed on-chain, ensuring transparency and verifiability. The platform uses USDC as collateral and supports spot trading alongside more than 100 perpetual contracts, covering a wide range of digital assets.

A New Model for Decentralized Derivatives

Hyperliquid also introduces specialized instruments known as hyperps, which are designed to reduce susceptibility to price manipulation through a more resilient pricing framework. This approach aims to preserve market integrity while maintaining deep liquidity and low latency.

Taken together, Hyperliquid represents a next-generation attempt to merge centralized exchange performance with decentralized infrastructure. The progress of the HYPE ETF narrative suggests that this vision is increasingly resonating beyond native crypto users and into the realm of traditional finance.

What is Hyperliquid? What Does It Do?

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Senior Analyst Signals: HYPE ETF Approval May Be Closer Than Expected appeared first on Coin Engineer.