I personally don't agree with giving bail to anybody implicated in a murder but it happens more than you think.
So far, he isn't implicated in an actual murder of any sort, but an attempt to contract for two, at least one of which might have involved some degree of entrapment. The prosecutors will of course argue blah blah blah violent drug criminal, kingpin, facing life without parole so likely to flee, able to obtain false IDs, etc. Defense, if it is competent, will argue something like strong ties to the community, perhaps offer to put DPR in custody of some family member who ensures appearance, blah blah even
actual murderers are entitled to bail, prosecution has failed to show any signs of flight risk other than just the crimes they're accusing him of. Also that he's not a drug dealer, but just ran a website, this isn't Al Capone here, and these "hitman" contracts are cartoonishly ridiculous. Defendant doesn't pose a threat, etc.
I wouldn't be surprised if he's denied bail, but I think the most likely event is that he is granted bail, but it is high, and perhaps too high for him to meet.