Over $800,000 in profit was netted by BitMEX co-founder Arthur Hayes from the sale of his entire HYPE stash. This move came just weeks after his highly bullish 126x prediction.
The entire Hyperliquid (HYPE) stash of BitMEX co-founder Arthur Hayes was sold, apparently for a Ferrari, just one month after he predicted the token would surge by approximately 126x over the next three years.
A statement was made by Hayes on Sept. 21 regarding a deposit on a new Rari 849 Testarossa.
It was reported in an X post on Sept. 21 from blockchain data platforms, including Lookonchain, that Hayes banked around $823,000 of profit on his 96,628 HYPE, netting him a 19.2% gain, according to data from HypurrScan.
Arthur Hayes Forecasts 126x Surge for HYPE in August
HYPE, the native token powering the Hyperliquid decentralized derivatives exchange, was valued at $49.48 at the time of writing. Its price has been down around 8.1% over the past day, yet it has seen a staggering 660% gain since its late November launch at $6.51.
A significant increase in trading volume was experienced by the DEX last month, going from around $560 million at the start of August to an all-time high of $3.4 billion on Aug. 24, according to DefiLlama.
A forecast for HYPE’s price to surge 126x over the next three years was made by Hayes during the WebX 2025 conference in Tokyo.
A case was made by the BitMEX co-founder that continued fiat debasement would drive stablecoin market expansion and push HyperLiquid’s annualized fees to as high as $255 billion, a major increase from its annualized revenue of $1.2 billion at the time.
Could Arthur Hayes Make a Comeback in HYPE?
It has not yet been indicated by Hayes if he will reinvest in HYPE.
A forecast was made last week by the 40-year-old Hayes—a prediction that may require a pinch of salt—that crypto markets will soon enter a “bull-only” mode, as the US Treasury met its goal of filling the General Account with $850 billion on Friday.
“With this liquidity drain complete, up only can resume,” was written by Hayes.
It is also predicted by Hayes that the price of Bitcoin will reach $250,000 by the end of 2025. He has a history of making bold market forecasts.
“I don’t know why people are hesitant to do it; it doesn’t really matter at the end of the day,” was said by him.
The importance of paying attention to the onchain actions of popular figures, rather than their public comments, was emphasized by some members of the crypto X community.
