Multicoin Capital Raises HYPE 2028 Price Target to $319

HYPE-1.53%
According to Multicoin Capital research published on June 26, the investment firm raised Hyperliquid's (HYPE) 2028 price target to $319. The report cited the firm's large position in HYPE, which has become one of the largest holdings in its liquidity fund. At the current price of approximately $63, Multicoin estimates Hyperliquid will generate around $8 billion in annual profit by 2028, supporting the $319 target price based on a 20x earnings multiple. The report noted that approximately 99% of the protocol's revenue is allocated to HYPE buybacks, with no external shareholders or venture capital firms sharing in profits.
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