Arthur Hayes Predicts HYPE Token Could Rise 5x as Oil Perpetuals Soar Amid US-Iran War!

Jakarta, Pintu News – Arthur Hayes projects that the price of the HYPE token is likely to rally as activity on its platform increases. This development comes at a time when oil-related futures contracts continue to surge on Hyperliquid , triggered by the escalation of the war between the United States and Iran.

Oil Activity Strengthens in Hyperliquid, Arthur Hayes Aims for HYPE Token Hike

Arthur Hayes, co-founder of BitMEX, set a $150 target for the altcoin as activity on HIP-3, Hyperliquid’s permissionless perpetual market, increases. This surge in activity is widely attributed to the rising tensions in the Middle East.

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HIP-3 on Hyperliquid has seen significant growth in activity since its launch in October. According to a CoinGape report, in January, HIP-3 open interest reached a new record high, surpassing $793 million. This increase was driven by trading activity in commodities such as oil, which in that period helped fuel an increase in the price of the HYPE token by around 25%.

On the instrument side, the Oil-USDH perpetual gained over 5% to touch $73.12, while the USOIL-USDH perpetual increased to breach $88. In the last 24 hours, the two perpetuals recorded a combined volume of nearly $17 million and open interest of over $9 million.

Gold and silver futures also moved up. This indicates that the market is processing and remapping risks due to tensions between the US-Israel alliance and Iran.

In terms of tokenomics, Hyperliquid’s fee structure funnels a portion of fees to the buyback and burn process. As such, increased activity-including a surge in oil futures trading-drives up the fees collected, while also depressing the circulating supply of HYPE tokens.

According to DefiLlama data, the protocol generated $2.8 million in fees in the last 24 hours. In the last seven days, the value of tokens burned reached around $9 million, up 20.4% compared to the previous week.

HIP-3 Adoption Surges as Market Responds to Conflicts

Activity on the HIP-3 platform since the outbreak of the US-Iran conflict has reportedly increased very sharply. As a result, open interest (OI) reached around $1.1 billion. The period from late January to early February 2026 saw the highest volume spike, with volumes surpassing $1 billion and even touching the $5 billion per day range.

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Some observers think that this intensity of activity in the Hyperliquid ecosystem tends to be a positive signal for HYPE tokens. Interestingly, OI also set a new record high (All-Time High) shortly after the United States launched an attack on Iran.

Arthur Hayes’ projection is highlighted as the situation is said to have heated up again after Iran attacked US bases. This development was followed by President Trump’s statement that further airstrikes would be carried out in the next few weeks.

In addition, reports are circulating that Iran is no longer interested in negotiations of any kind, especially after the death of its supreme leader.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Arthur Hayes Sees 5x HYPE Token Rally as Oil Perps Pump on Hyperliquid Amid U.S.-Iran War. Accessed on March 2, 2026