Arthur Hayes bet $100,000 that Hyperliquid, as measured by Hyperliquid Strategies Inc (NASDAQ:PURR) outperforms every other top 10 crypto by year-end, with Multicoin Capital co-founder Kyle Samani accepting and backing Solana (CRYPTO: SOL).

Hayes Has $150 Target, Samani Once Called HYPE Everything Wrong With Crypto

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The wager carries extra weight given the history between the two. Samani called Hyperliquid “everything wrong with crypto” in February, criticizing its closed-source architecture and accusing the protocol of facilitating illicit activity.

Despite those public criticisms, on-chain analysts later found wallets linked to Multicoin Capital had purchased over $40 million worth of HYPE.