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Arthur Hayes Sells $5.1M in HYPE Tokens Amid Market FOMO
Arthur Hayes Sells $5.1M in HYPE Tokens Amid Market FOMO
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BTCCSquare news:
BitMEX co-founder Arthur Hayes has sold approximately 96,600 HYPE tokens, cashing out $5.1 million despite previously predicting a 126x surge for the asset. The move, executed via an on-chain transaction, has sparked speculation about shifting sentiment among crypto whales.
Market observers note the sale could trigger short-term volatility as retail traders reassess positions. Hayes' decision to exit after his bullish forecast highlights the nuanced strategies employed by institutional players in crypto markets.
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