BitMEX Co-Founder Arthur Hayes Exits HYPE Position to Fund Ferrari Purchase

Arthur Hayes, co-founder of BitMEX, has liquidated his entire HYPE token holdings, netting a $823,000 profit to secure a deposit for a Ferrari 849 Testarossa. The sale, involving 96,628 HYPE tokens, yielded a 19.2% return according to HypurrScan data.

The MOVE comes weeks after Hayes publicly projected a 126x surge for HYPE at the WebX 2025 conference, citing Hyperliquid's ecosystem growth and fiat debasement driving capital into DeFi derivatives. His abrupt exit precedes a major token unlock event set for November 29, which will release 237.8 million HYPE tokens into circulation—potentially creating $500 million in monthly sell pressure.

Market observers note the dissonance between Hayes' long-term bullish stance and short-term profit-taking. The transaction was flagged by blockchain analytics platform Lookonchain, with Hayes confirming the sale via social media without addressing the timing implications.