Arthur Hayes Warns HYPE Price Could Underperform Ethereum and Zcash

Key Insights Arthur Hayes says the HYPE price may lag ETH and ZEC as competition among perpetual DEXs heats up. Hayes praised Hyperliquid’s product but said he would rather use it as a trader than hold its token. HYPE trades near $78.79 and needs a clean break above $79.50 to open a path toward $80 and $82. HYPE price remained under pressure on October 24 as BitMEX co-founder Arthur Hayes questioned Hyperliquid’s investment prospects. Hayes argued that Ethereum (ETH) and Zcash (ZEC) could deliver stronger returns despite Hyperliquid’s established trading business.