Odaily Planet Daily report: Arete Capital partner McKenna has issued a bullish outlook, stating that HYPE has firmly surpassed its historical high, with an initial price target of $84; based on its recent strong performance, it is expected to break through $100 within less than 12 months.
McKenna specifically noted that HYPE spot ETF experienced strong inflows after launching in the $50 range, demonstrating strong willingness from traditional financial institutions to enter at this price level. Data shows that the HYPE ETF attracted over $72 million in short-term inflows after its launch, with institutional capital entering at a pace comparable to the early Bitcoin ETF surge.