Multicoin Capital Sees HYPE at $319 by 2028 If Hyperliquid Reaches $8B in Annual Fees

Multicoin Capital said HYPE is undervalued and could reach $319 if Hyperliquid generates about $8 billion in annual fee revenue by 2028. According to NS3.AI, HYPE was trading around $63 at the time of the statement. The projection is tied to Hyperliquid’s current operating metrics, including $873 million in annual revenue and $2.9 trillion in trading volume. Multicoin Capital framed the $319 target as contingent on Hyperliquid scaling fee revenue to the stated level by 2028.