Multicoin sets $319 HYPE target as Hyperliquid re-rates by 2028

Multicoin Capital has set a $319 price target on HYPE by 2028, arguing Hyperliquid is mispriced as a fast-growing perpetual DEX rather than the broader trading venue it is evolving into. The firm has been accumulating HYPE aggressively since February and holds one of the largest disclosed positions…