Arthur Hayes Denies $2.09 Million HYPE Buyback: Who Is Telling the Truth?
According to Lookonchain, a pockets attributed to Arthur Hayes withdrew 33,978 Hyperliquid (HYPE) tokens price roughly $2.09 million from Bybit on June 8. Hayes has since denied making any buy.
The reported transaction carries an implied entry value of roughly $ 61.50 per HYPE. That comes simply 4 days after Hayes publicly said he had exited his whole HYPE place at costs above $72.
HYPE Falls 23% After Hayes Exits, Then a Disputed Re-Entry
Hayes’ exit above $72 preceded a roughly 23% decline in HYPE, which slid beneath $56 in the days that adopted. He attributed his HYPE and NEAR exit to macro hedging and a need to attend for a greater entry level.
Lookonchain recognized a withdrawal of 33,978 HYPE from Bybit at a mean value close to $61.5, linking the handle to Hayes via Arkham Intelligence labels.
If correct, the sequence would describe a sell-high, buy-lower trade executed whereas Hayes publicly denied having repositioned.
The response left no ambiguity however supplied no further context or pockets info.
Can On-Chain Data Prove He Bought?
The credibility of the allegation relies upon totally on whether or not the flagged handle really belongs to Hayes. Arkham makes use of a mixture of on-chain knowledge, trade deposit information, and machine studying to assign pockets labels to identified entities.
The platform targets an accuracy price of 95% or larger for main figures, however that also leaves room for error.
A mislabeled pockets is a believable end result, and no direct affirmation has emerged linking the handle to Hayes.
Arkham’s influencer pockets monitoring has beforehand drawn scrutiny for attributions that required revision after the reality. Without a verified on-chain signature or corroborating trade knowledge, the declare stays unconfirmed.
HYPE was trading at $61.43 at the time of writing, up 4.58% over the previous 24 hours, with a market cap close to $13.65 billion and a rank of 10 by market cap.
Hayes has beforehand held a $150 HYPE price target for 2026. Whether he has re-entered that place stays, for now, an open query.
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