On-chain information reveals that BitMEX’s co-founder and former CEO has begun accumulating HYPE once more after a multi-month hiatus.
The latest buy coincides with the asset’s vital run that drove it to over $40, in addition to the most recent developments on Bitwise’s HYPE ETF utility.
Hayes Buys as Worth Rockets
Lookonchain up to date earlier on April 11 that the Maelstroms’ government had spent over $1 million to build up 26,022 HYPE tokens. This was his first such buy in virtually three months. Wallets linked to him present that he at present holds 247,344 HYPE, value round $10.44 million, and he sits on a paper acquire of $2.5 million.
Arthur Hayes(@CryptoHayes) purchased 26,022 $HYPE($1.1M) once more after practically 3 months.
He now holds 247,334 $HYPE($10.44M) and is up over $2.5M.https://t.co/BVqcbjKBOc pic.twitter.com/Qu5FgXTbAb
— Lookonchain (@lookonchain) April 11, 2026
Hayes has been fairly lively currently when it comes to crypto purchases and sell-offs. The newest massive accumulation that made the headlines was in mid-March when he purchased ETHFI simply hours earlier than the asset was listed on Upbit, which led to a considerable value uptick.
His HYPE buy is available in a slightly compelling time for the asset, which has been on a considerable roll currently. After dipping under $27 when the warfare in Iran began on February 28, the asset surged to $44 by March 18. It slipped once more, this time to $34, in early April, however jumped as soon as once more, reclaimed the $40 resistance, and now sits at $42.
HYPE ETF Comes Quickly?
Maybe a portion of HYPE’s newest positive factors might be attributed to the rising hype (no pun meant, significantly) within the race for a spot ETF. As reported a number of weeks in the past, Grayscale filed an S-1 for its HYPE ETF utility, whereas the most recent growth got here from Bitwise on the finish of the enterprise week.
Bloomberg’s skilled on the matter, Eric Balchunas, famous that Bitwise has up to date its Hyperliquid ETF utility to incorporate the BHYP ticker and set a payment of 67 bps. He concluded that such strikes “usually” imply that the product will see the sunshine of day quickly.
Bitwise w one other replace to Hyperliquid ETF contains ticker $BHYP and payment 67bps. Sometimes meaning launch quickly. HYPE is up 200% in previous yr so that they prob attempting to strike whereas iron sizzling pic.twitter.com/xt5gc9BpSI
— Eric Balchunas (@EricBalchunas) April 10, 2026
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