Arthur Hayes’ ‘Holy Trinity’ Outperforms Bitcoin – HYPE’s Price Hits All-Time High, While ZEC, NEAR Surge To 6-Month Peaks This Week

Hyperliquid’s market capitalization is roughly $2 billion short of Dogecoin’s valuation, putting the token within striking distance of breaking into the top 10 cryptocurrencies.
American entrepreneur Arthur Hayes at Bitcoin Conference 2026 held in Las Vegas, Nevada, United States on April 27, 2026. (Photo by Tayfun Coskun/Anadolu via Getty Images)
American entrepreneur Arthur Hayes at Bitcoin Conference 2026 held in Las Vegas, Nevada, United States on April 27, 2026. (Photo by Tayfun Coskun/Anadolu via Getty Images)
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Prabhjote Gill·Stocktwits
Updated May 22, 2026   |   10:39 AM EDT
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  • Arthur Hayes on Friday called Hyperliquid, Zcash and Near Protocol crypto’s “holy trinity” in a post on X.
  • HYPE’s price climbed near a fresh record high after strong inflows into newly launched Hyperliquid ETFs.
  • NEAR surged more than 30% to a six-month high amid renewed investor interest in the token.

BITMex founder and investment chief at Maelstrom Arthur Hayes said on Friday that Hyperliquid (HYPE), Zcash (ZEC) and Near Protocol (NEAR) are the “holy trinity” as the three tokens continued to outperform Bitcoin (BTC) and the broader cryptocurrency market.

“When you are in position, trading is easy, sit back and watch number go up,” Hayes wrote in a post on X. “HYPE, ZEC, NEAR, the holy trinity.”

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Source: @CryptoHayes/X

Hyperliquid’s Price Holds Near Record Peak

HYPE’s price rose 3.2% in the last 24 hours to around $61, paring gains after clocking a new record high of over $62. Retail sentiment around the altcoin on Stocktwits trended in ‘extremely bullish’ territory over the past day, accompanied by ‘extremely high’ levels of chatter.

The latest move higher comes after Bitwise (BHYP) and 21Shares (THYP) newly launched Hyperliquid spot ETFs drove fresh inflows of over $60 million this week, according to Farside Investors data. It has pushed Hyperliquid’s market capitalization to over $14.5 billion, just $2 billion from flipping Dogecoin (DOGE) for a spot in the top 10 cryptocurrencies globally.

Hayes has a year-end price target of $150 for HYPE, citing strong derivatives activity and rising retail participation could continue to drive momentum.

NEAR, ZEC Tokens Clock Six-Month Highs

NEAR’s price rose more than 30% to over $2.30, making a six-month high for the token. Retail sentiment around the altcoin rose to ‘bullish’ from ‘neutral’ over the past day, alongside chatter at ‘high’ levels. 

In recent commentary, Hayes called NEAR his preferred trade, stating that the combination of Near “intents” and the larger the narrative around privacy could create a “positive cash flow situation for the protocol.”

Meanwhile, ZEC’s price fell 4% in the last 24 hours to around $636, after clocking a six-month high earlier this week. Retail sentiment around the privacy-focused coin remained in ‘bullish’ terriotry over the past day. Chatter fell to ‘high’ from ‘extremely high’ levels.

Hayes’ bullish view on Zcash centers on growing demand for privacy-focused crypto infrastructure and zero-knowledge technology. He called it his biggest non-Bitcoin bet. 

‘Holy Trinity’ Outperforms Bitcoin

While NEAR delivered the strongest weekly rally among the trio, Zcash remains one of the best-performing major cryptocurrencies over the past year, gaining more than 1,300% during that period.

Meanwhile, Bitcoin’s price traded flat in the last 24 hours at around $76,800, struggling to hold above $77,000. Retail sentiment around the apex cryptocurrency on Stocktwits trended in ‘bearish’ territory over the past day, alongside ‘normal’ levels of chatter.

BTC’s price has fallen over 4% this year, and is down more than 30% in the last 12 months. At the current levels, it nearly 40% below its record high of $126,000 seen in September. 

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Zcash leads the annual gains among the 'holy trinity'. | Source: CoinGecko/Stocktwits


Stocktwits data showed Zcash followers increased more than 62% over the last year, while chatter surged over 1,200% in the past month.

Hyperliquid, however, has emerged as the clear retail favorite. Message volume around HYPE jumped more than 2,600% over the last month, while followers increased more than 1,000% over the past year. NEAR also recorded strong engagement growth, with chatter rising roughly 371% over the last month and followers climbing around 9%.

Read also: Mark Cuban Claims Bitcoin Failed As War Hedge – But Data Shows BTC Outperforming Gold

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