Hyperliquid (HYPE) Dumps 12% as Hayes Sells Stash for Ferrari
Arthur Hayes has offered greater than 96,000 HYPE tokens on Sunday for $4.8 million, in response to Hypurrscan.
Lookonchain reported that he made $823,000 in revenue on the commerce. “Need to pay my deposit on the brand new Rari 849 Testarossa,” mentioned Hayes on Sunday.
Ferrari unveiled the brand new plug-in hybrid in Milan this month, and the 1,036-horsepower supercar is anticipated to go on sale beginning at $540,000 for the coupe.
Need to pay my deposit on the brand new Rari 849 Testarossa https://t.co/PX7Hx0FuK9
— Arthur Hayes (@CryptoHayes) September 21, 2025
HYPE Has Doubled This Year
The token dumped round 12% from simply over $54 to backside out at simply over $47 throughout Monday morning buying and selling in Asia. HYPE has doubled for the reason that starting of the 12 months and hit an all-time high of $59.30 on September 18, amid a number of hype and shilling from the likes of Hayes, who has additionally backed Ether.
In late August, Hayes took to the stage on the Tokyo Web3 convention to state that Hyperliquid has a possible upside of 126 instances, based mostly on surging annualized charges.
“This means he’s promoting his complete stack the second he steps down from the presentation,” said one observer on the time.
Arthur Hayes(@CryptoHayes) simply offered all 96,628 $HYPE($5.1M) he purchased a month in the past, making ~$823K(+19.2%).
During his speech on the WebX Summit on Aug 25, he predicted a 126x upside for $HYPE, however is now out with lower than a 20% achieve.https://t.co/B6z5x7dOsv pic.twitter.com/69s0ZzIIii
— Lookonchain (@lookonchain) September 21, 2025
Hyperliquid is a decentralized crypto derivatives change that enables speculators to take out extremely leveraged perpetual contracts on crypto belongings. It has surged in recognition not too long ago, with complete worth locked.
Hayes made one other prediction over the weekend after observing that the US Treasury’s General Account (TGA) surged previous $850 billion earlier this month. “With this liquidity drain full, up solely can resume,” he mentioned.
The idea is that the liquidity that was getting used to high up the TGA would go into markets as soon as the goal degree is hit.
Other Altcoins In Pain
HYPE will not be the one altcoin in ache immediately. The native token for the Binance rival DEX Aster (ASTER) has additionally tanked, shedding 17% as it retreats from Sunday’s all-time high of $1.96.
The Solana memecoin market Pump.enjoyable has additionally seen its native token (PUMP) dump 15% on the day, whereas Cronos (CRO) has shed 9% over the previous 24 hours.
Ether, XRP, and Solana had been all down round 4% whereas Dogecoin, Cardano, and Chainlink had bigger losses in one other Monday morning market rout.
The complete market capitalization loss over the previous few hours is round $80 billion, or 2.2% on the day.
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