Why Arthur Hayes Thinks HYPE Will Lag Behind ETH and ZEC

Arthur Hayes expects HYPE to deliver weaker returns than Ethereum and Zcash from current levels. The view follows months of position changes, including his full exit from HYPE in June. HYPE is pulling back toward the moving average that has supported its entire 2026 rally. Ethereum’s deep discount to its record high is central to the Hayes argument. Arthur Hayes, the BitMEX co-founder who now serves as chief investment officer of crypto fund Maelstrom, said in an October 16 interview that Hyperliquid’s HYPE token could underperform Ethereum (ETH) and Zcash (ZEC), pointing to growing competition among decentralized perpetual futures exchanges…

Source: Crypto News Flash