Arthur Hayes Takes Profits on HYPE After Bullish 126x Prediction
Arthur Hayes, former BitMEX CEO and current CIO of Maelstrom, has liquidated his entire position in Hyperliquid's HYPE token, securing a 19% gain. The sale follows Hayes' aggressive promotion of HYPE in August, where he projected a 126x upside based on stablecoin adoption and on-chain liquidity growth.
HYPE surged to $59 in September before retreating to the $50 range as traders balanced Hayes' long-term thesis against profit-taking. On-chain activity spiked during the rally, with Hyperliquid's decentralized exchange volumes and open interest reflecting speculative interest.