Arthur Hayes reiterates that HYPE could reach $150, as the escalating situation in the Middle East drives on-chain oil trading

BitMEX founder Arthur Hayes posted on the X platform that market price discovery may shift to crypto-native platforms. He pointed out that against the backdrop of escalating conflicts in the Middle East, Hyperliquid's perpetual contract for oil, CL-USDC, could become an important price discovery market for oil price trends over the weekend.

Hayes further reiterated that with the increase in trading activity, the target price for the Hyperliquid platform token HYPE could reach $150.