BitMEX co-founder Arthur Hayes has expressed strong confidence in Hyperliquid's HYPE token, declaring it the only asset he is currently purchasing. This endorsement comes as HYPE experiences a 9% price increase in the past 24 hours, continuing its upward trajectory this year. Hayes highlighted Hyperliquid's rapid growth, with the platform generating approximately $1 billion annually from trading fees and using 97%-99% of these fees to buy back HYPE tokens, enhancing their value. The HYPE token has seen significant interest from large buyers, including the Hyperliquid Assistance Fund, which recently acquired 39,000 HYPE for $1.4 million. The fund now holds 42.99 million HYPE, purchased for about $1.04 billion. Additionally, notable investors like "yeti.hl" have made substantial purchases, contributing to the token's momentum. Following Hayes' endorsement, HYPE's trading volume surged by 75%, reaching $320 million in 24 hours, underscoring increased activity on the Hyperliquid platform.