Hyperliquid’s HYPE gets $319 price target from Multicoin

On June 25, Multicoin Capital (Multicoin) published a full valuation for HYPE, the native token of Hyperliquid, indicating annual revenues for the protocol will reach approximately $8 billion by 2028, resulting in a price target of $319 — over five times its current trading value of around $63. The firm disclosed that they have been...