Arthur Hayes Sells 96.6K Hyperliquid Tokens After Predicting 126x Rally

BitMEX co-founder Arthur Hayes has liquidated his entire 96,600 Hyperliquid (HYPE) position worth $5.1 million, just three weeks after predicting a 126-fold price increase for the token. The sale netted Hayes a $823,000 profit, which he humorously attributed to securing a deposit for a Ferrari Testarossa.

The MOVE triggered an immediate 8% price drop in HYPE. Hayes cited looming $500 million monthly token unlocks as his primary reason for exiting. This abrupt reversal comes after his very public bullish stance, raising questions about whether his long-term thesis was genuine or merely opportunistic positioning.

The transaction showcases Hayes' characteristic market timing and flair for dramatic exits. His ability to profit from both bullish narratives and strategic exits continues to cement his reputation as one of crypto's most watched traders.