traders are using hype to get a sense of where is the market pricing and certain types of risk

when the traditional places where you would trade oil or gold or silver or NASDAQ or SIFU 500

are all close. It's on hyperliquid.

Pudgy Penguins has become one of the breakout Web3 brands.

A new Coin Desk Research Report examines how the project turned plush toys, collectibles,

and trading cards into a customer acquisition engine, generating millions in retail sales

while onboarding mainstream users into its digital ecosystem.

Discover how the brand is scaling towards a $120 million

revenue target and a potential IPO in 27 at coindex.com slash research.

Hype has been dominating the conversation this week and my next guest published his thesis on

Hyperliquid predicting its hype token could search to $150 by August 2026, Arthur Hayes.

Welcome to Market's Outlook.

Thanks for having me.

Well, thanks for coming back.

Today we are talking all about Hyper Liquid and Hype, really in the spotlight this week.

I know that you're very bullish on hype.

I read your Hype Man post. I've been following you on bullish on hype. I read your hype man post.

I've been following you on X, but just talk to me a little bit about your hype thesis.

So obviously last, was it August, I came out with a 120x, I'm 326 expedition for high price

improvement by 2028. And then a few months later, I forwarded an essay

that the Mailstrom team wrote about why we were selling our hype position because of the

unlocks starting in November, the team unlocks and the increased competition from low to no C perpdex trading platforms.

...