BlockBeats reported on March 9th that Arthur Hayes, Chief Investment Officer of Maelstrom, published a lengthy article detailing his bullish rationale for Hyperliquid's token, HYPE. Hayes stated that despite the current overall pressure on the crypto market, Hyperliquid, as a leading perpetual DEX, is poised to recover its 30-day annualized revenue to its peak of $1.4 billion within six months, thanks to its HIP-3 permissionless listing mechanism, real trading depth, and high buyback rates. Hayes emphasized that HYPE's current P/E ratio is only around 12, significantly lower than traditional and crypto trading platforms like Coinbase (26) and CME (40). If the P/E ratio recovers to 25, coupled with revenue growth, the target price in August is $150, representing a 5x upside from the current $30. He also pointed out that the team's monthly token allocation has sharply decreased from nearly 10 million tokens in the early days to approximately 140,000 tokens recently, significantly reducing selling pressure. Maelstrom has already established a position in the $20 range and will continue to increase its holdings.