# ArthurHayesSeesHYPEOvertakingSOL

On May 31, BitMEX co-founder Arthur Hayes posted on X, stating that most coins on the crypto market cap list are "dogshit" and that HYPE should at least overtake SOL before the current bull run ends. Hayes has set a 150 US dollar price target for HYPE and holds over 26,000 HYPE tokens. Hyperliquid's buyback program has deployed over 1.16 billion US dollars, with Hyperliquid Strategies reporting quarterly profits of 152.5 million US dollars. HYPE currently has a market cap of approximately 15 billion US dollars, compared to SOL's 47.7 billion US dollars, a gap of about 32.7 billion US dollars. Bitwise CIO Matt Hougan has also called HYPE a "generational asset".