Hayes’ Portfolio Sees Zcash Slump 55% vs HYPE Token Up 11.6%
Arthur Hayes' Maelstrom Fund portfolio comprises Bitcoin, Ethereum, privacy-focused Zcash and Hyperliquid token, alongside physical gold and commodity stocks. Zcash has tumbled 55.4% YTD to $234.12, while Hyperliquid’s HYPE token has surged 11.56% to $26.99, backed by significant institutional holdings.
1. Portfolio Composition
Arthur Hayes, CIO of Maelstrom Fund, revealed holdings spanning Bitcoin, Ethereum, privacy coin Zcash and decentralized exchange token Hyperliquid, alongside physical gold and commodity equities. His remarks highlight a diversified approach blending digital assets with traditional hard assets.
2. Divergent Performances
Zcash has experienced a 55.4% year-to-date decline, trading at $234.12, reversing last year’s 556% surge. In contrast, Hyperliquid’s HYPE token has jumped 11.56% this year to $26.99, bucking broader market weakness.
3. Institutional Backing
Nasdaq-listed Hyperliquid Strategies is actively accumulating HYPE, while Hyperion DeFi holds over one million tokens. Growing institutional demand has been cited as a key driver behind HYPE’s resilience relative to other altcoins.