Arthur Hayes proposes $100K bet with Multicoin Capital founder on HYPE price

BitMEX co-founder Arthur Hayes has proposed a public bet to Multicoin Capital co-founder Kyle Samani after reposting Samani's critical commentary on Hyperliquid (HYPE). Hayes challenged Samani, stating that if HYPE is a poor asset, they should make a wager. He proposed that from Feb. 10 through July 31, HYPE's price increase will outperform any altcoin with a market capitalization over $1 billion on CoinGecko. Samani would be allowed to choose the comparison asset. The loser of the bet would be required to donate $100,000. Previously, Samani had criticized HYPE, pointing out that its founder left their home country to start the business, its source code is private, and it employs a permissioned distribution model. Samani also claimed the project publicly encourages crime and terrorism, describing it as problematic in every aspect.