Arthur Hayes has offloaded his whole $5.1 million HYPE place lower than a month after predicting the token may rally 126x. The BitMEX co-founder confirmed the sale himself, quipping that the revenue would assist cowl a deposit on his new Ferrari Testarossa.
Arthur Hayes Sells Regardless of Bullish HYPE Outlook
In accordance with Lookonchain knowledge, BitMEX co-founder Arthur Hayes bought 96,628 HYPE tokens for a $5.1 million return. This translated to a revenue of about $823,000, which is simply 19.2% above his entry worth.
This comes simply weeks after Hayes made a bullish projection for the token. He informed attendees on the WebX Asia convention that the token may soar 126 occasions. He attributed this potential development to Hyperliquid’s increasing decentralized alternate revenues and its rising position within the stablecoin market.
The founder confirmed this sale, stating he wanted the funds to buy a brand new Ferrari Testarossa.
Have to pay my deposit on the brand new Rari 849 Testarossa https://t.co/PX7Hx0FuK9
— Arthur Hayes (@CryptoHayes) September 21, 2025
Arthur Hayes’ sudden exit has prompted hypothesis. Some buyers imagine he could also be rotating into ASTER, a brand new token launched simply three days earlier than his sale. Crypto commentator Yoshitaka famous that the co-founder was among the many most vocal supporters of HYPE, so his choice to money out so rapidly despatched a robust message.
Arthur Hayes additionally shared why he bought off his holdings, quoting a Maelstrom analysis evaluation. The analysis revealed that roughly 237.8 million HYPE tokens will vest linearly over 24 months. That’s practically $500 million value of latest provide hitting the market every month, a scale they imagine the market has but to totally worth in.
In addition they added that buybacks at present ranges can solely take in round 17% of the incoming provide. This might lead to an overhang of greater than $410 million per thirty days. This imbalance may place sustained promoting strain on the token.
This isn’t the primary occasion the place he has voiced robust bullish views however acted otherwise along with his portfolio. As CoinGape beforehand reported, Hayes bought greater than $13 million value of property, together with ETH, ENA, and PEPE, regardless of publicly predicting a “monster altseason.”
Critics have argued that the BitMEX co-founder’s public statements don’t all the time mirror his private market exercise.
HYPE Value Response to the Sale
The market response to Arthur Hayes’ sale was instant. In accordance with CoinMarketCap knowledge, the token fell by 8.3% previously 24 hours. The token is presently buying and selling at $49.9, considerably underperforming the broader crypto market.
Technical indicators additional supported the bearish momentum. The token’s MACD displayed bearish divergence, its RSI slipped in the direction of oversold ranges, and it broke beneath its $52–$53 help vary. Though analysts level out that if patrons return, a excessive promoting quantity may pave the way in which for a short aid bounce.
This decline comes shortly after HYPE hit an all-time excessive of $53.44 earlier this month. The token capped a rally that drove its worth greater than 1,200% above late-2024 lows.
Optimistic momentum had additionally been constructing after Native Markets gained the mandate to handle the rollout of Hyperliquid’s USDH stablecoin. The choice was made after Hyperliquid stakers accomplished the voting.
These milestones spotlight the elemental progress of the Hyperliquid ecosystem, even throughout its newest short-term worth swings.
