The SPCX-USDC pair on Hyperliquid has reached nearly $1 billion in 24-hour volume, with the price currently trading around $212.51. The analyst projects that the hyperliquid:native asset could reach a price target of $100 to $150 if Anthropic and OpenAI proceed with IPOs this year. This bullish sentiment is driven by the expectation that pre-IPO markets for these AI companies will attract significant new trading activity to the platform.