BitMEX founder Arthur Hayes posted on the X platform stating that during the weekend when traditional exchanges are closed, 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 oil perpetual contract CL-USDC could become an important price discovery market for weekend oil price trends. Hayes further reiterated that with the increase in related trading activity, the target price of Hyperliquid platform token HYPE could reach 150 US dollars.
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Arthur Hayes: Escalating Middle East tensions drive on-chain oil trading; reiterates HYPE target price of $150.
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