BitMEX Co-Founder Arthur Hayes Dumps Entire HYPE Bag for a Ferrari
BitMEX co-founder Arthur Hayes has exited his whole HYPE place, with the earnings funding his subsequent luxurious experience.
Key Takeaways:
- Arthur Hayes offered his whole HYPE place for a $823K revenue, citing a Ferrari buy.
- The sale got here weeks after he predicted a 126x surge in HYPE at WebX 2025.
- Massive upcoming token unlocks may flood the market with $500M in month-to-month promote stress.
“Need to pay my deposit on the brand new Rari 849 Testarossa,” Hayes posted on X on Sept. 21, shortly after Lookonchain reported that he offered his full HYPE stack, netting round $823,000 in revenue.
The sale concerned 96,628 HYPE tokens, giving him a 19.2% return in accordance with HypurrScan knowledge.
Hayes Predicted 126x HYPE Surge Weeks Before Cashing Out
The timing raised eyebrows. Just final month, throughout the WebX 2025 convention in Tokyo, Hayes publicly predicted that HYPE may surge 126x over the following three years.
At the time, he tied this bullish forecast to Hyperliquid’s rising ecosystem and the anticipated growth of the stablecoin market.
He claimed annualized charges on the platform may develop from $1.2 billion to $255 billion, arguing that fiat debasement would drive capital into DeFi derivatives.
Despite the daring forecast, Hayes seems to have taken earnings early, and never with out purpose.
According to analysis shared by Maelstrom, Hyperliquid faces a huge token unlock occasion beginning November 29, when 237.8 million HYPE tokens will start vesting over 24 months.
At present costs (~$50), that unlock represents $11.9 billion, or round $500 million in month-to-month promote stress.
With present buybacks solely absorbing about 17% of that quantity, the market is staring down a critical provide overhang.
“Put your self within the sneakers of a Hyperliquid dev,” Maelstrom posted. “A life-changing sum in tokens is beginning to vest; and it’s just one click on away. What would you do?”
Meanwhile, Hayes continues to problem broader market predictions. He just lately declared that “up solely can resume” now that the U.S. Treasury has met its $850 billion General Account goal, a liquidity occasion he believes clears the way in which for crypto progress.
He’s additionally sticking to a $250,000 Bitcoin value goal by the top of 2025.
As for HYPE, the token continues to be up over 660% since launch, however with unlocks looming and opponents circling, Hyperliquid could also be about to face its largest take a look at but.
Arthur Hayes Warns Bitcoin Is Not a Shortcut to a Lambo
Hayes has known as out Bitcoin buyers for chasing quick riches and making misguided comparisons to conventional markets.
In a latest interview, he criticized the short-term mindset and mentioned expectations of in a single day wealth are main many to get liquidated.
“If you thought you have been shopping for Bitcoin and the following day you have been shopping for a Lamborghini, you’re most likely getting liquidated,” Hayes warned.
While Bitcoin lags behind the S&P 500 and gold in latest weeks, Hayes dismissed the comparability as flawed.
He argued that Bitcoin stays the top-performing asset when adjusted for inflation and forex debasement, claiming that the majority conventional markets seem far weaker when measured towards Bitcoin or gold.
“If you deflate issues by Bitcoin, you’ll be able to’t even see it on the chart,” he added.
Despite the volatility, Hayes stands by his long-term view and maintains a year-end value goal of $250,000 for Bitcoin.
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