HYPE Price Soars as Native Markets Wins USDH, Hayes Eyes $5,000

Hyperliquid’s HYPE token is making waves after Native Markets secured the USDH stablecoin ticker with 70% validator support, outpacing rivals like Paxos and Ethena, per a September 16, 2025, CoinGecko report. This victory, coupled with BitMEX co-founder Arthur Hayes’ bold $5,000 price target for 2028, signals strong bullish sentiment for HYPE, currently trading at $54.

Native Markets’ win strengthens Hyperliquid’s ecosystem, with USDH set to launch soon, backed by BlackRock and Superstate for reserve management. The platform’s $1.2 billion annual revenue and 70% share of DeFi perpetual futures markets bolster HYPE’s fundamentals. Hayes, in a September 14, 2025, interview, praised Hyperliquid’s rapid innovation, projecting a 126x upside by 2028, driven by stablecoin adoption and global fiat debasement.

However, risks loom. Technical analysis suggests a potential retracement to $25-$50 support levels before further gains, with volatility expected around the Federal Reserve’s September 16-17, 2025, FOMC meeting. A November token unlock could also pressure prices. Investors should note HYPE’s 19% weekly gain amid altcoin dominance, but whale activity and $1.4 billion in perpetuals open interest add uncertainty.

HYPE’s outlook remains promising as USDH enhances liquidity and Kraken’s potential listing boosts exposure. Investors are urged to diversify and monitor market dynamics, given crypto’s volatility. If Hyperliquid sustains momentum, Hayes’ $5,000 target could be achievable, positioning HYPE as a DeFi leader.

Native Markets’ USDH success and Hayes’ $5,000 forecast fuel HYPE’s bullish run, but volatility and regulatory risks demand cautious investment strategies.