McKenna: HYPE may break $100 within 12 months

Arete Capital partner McKenna stated that HYPE has reached a historical high with a target price of $84 and is expected to break through $100 within 12 months. He pointed out that after the launch of the HYPE spot ETF in the $50 range, there was a strong inflow of funds, with short-term earnings exceeding $720 million after listing. The speed of institutional capital inflow was comparable to the early Bitcoin ETF boom.