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Arthur Hayes has bought his whole $5.1 million HYPE place lower than a month after predicting the token may rally 126x, saying the funds would “pay my deposit on the brand new Rari 849 Testarossa.”
The sale helped set off a 9% plunge within the Hyperliquid value, and netted Hayes simply 19% in revenue ($823k), in stark distinction to the stratospheric good points he had predicted.
Have to pay my deposit on the brand new Rari 849 Testarossa https://t.co/PX7Hx0FuK9
— Arthur Hayes (@CryptoHayes) September 21, 2025
HYPE dropped to its help vary of $52-$53, and it’s now buying and selling round $48.5. Such a decline marked a pause in its current upward pattern, which had seen the token rally over 1,200% since late 2024.
Hayes had shared his bullish outlook on HYPE throughout a speech on the WebX Asia convention. He attributed its potential to Hyperliquid’s increasing decentralized alternate revenues and its rising position within the stablecoin market.
Hayes Says Market Hadn’t Worth In Large Incoming Provide
Hayes cited analysis by Maelstrom to justify his exit, warning that the market has but to cost in a large incoming provide of HYPE.
The agency initiatives 237.8 million tokens will vest linearly over the following two years, or nearly $500 million every month. Even after buybacks, roughly $410 million monthly would hit the market, doubtlessly creating sustained promoting stress.
”For this reason we dumped $HYPE at the moment,” he mentioned. “However don’t fear 126x continues to be doable 2028 is a great distance off.”
Crypto commentator Yoshitaka famous that the co-founder was among the many most vocal supporters of HYPE, so his resolution to money out so rapidly despatched a powerful message.
Hayes’ promoting comes as different merchants leap ship, with Lookonchain flagging a whale withdrawing $122 million price of HYPE, presumably in readiness to guide income.
A whale (probably @Techno_Revenant) withdrew all 2.39M $HYPE($122M) 4 hours in the past and might be promoting for revenue at any time.
On-chain knowledge reveals these $HYPE had been purchased 9 months in the past by the primary pockets 0x316f…e678, which is tagged as @Techno_Revenant.
His estimated price foundation is… pic.twitter.com/X5y7YEqHHq
— Lookonchain (@lookonchain) September 21, 2025
Early Exit Raises Questions
However the early exit raised questions in regards to the timing and motivation behind the sale, and triggered criticism on X.
Critics have argued that the BitMEX co-founder’s public statements don’t at all times mirror his private market exercise.
Nevertheless, this isn’t the primary occasion the place he has voiced sturdy bullish views however acted in another way along with his portfolio.
Prior to now, Hayes bought greater than $13 million price of property, together with ETH, ENA, and PEPE, regardless of publicly predicting a “monster altseason.”
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