Arthur Hayes sells 96K HYPE tokens to buy Ferrari
Arthur Hayes, co-founder of BitMEX, has sold his entire stash of 96,628 Hyperliquid (HYPE) tokens, just weeks after publicly predicting the token could surge 126x over the next three years.
Blockchain data shows Hayes netted a $823,000 profit — a 19.2% gain — on the sale, reports Cointelegraph.
Confirming the move, Hayes joked on X: “Need to pay my deposit on the new Rari 849 Testarossa.” At the time of his sale, HYPE was trading near $49.48, down 8.1% in 24 hours but still up 660% since its late-November launch at $6.51.
HYPE’s meteoric rise and Hayes’ forecast
HYPE is the native token powering the Hyperliquid decentralized derivatives exchange, which has seen explosive growth in trading activity. According to DefiLlama, monthly trading volumes jumped from $560 million in early August to a record $3.4 billion by August 24. At Tokyo’s WebX 2025, Hayes argued fiat debasement would fuel stablecoin adoption, pushing Hyperliquid’s annualized fees to as much as $255 billion, up from $1.2 billion. On that basis, he predicted HYPE could multiply more than a hundredfold — though his quick exit has now raised questions about whether he truly believes his own bullish thesis.
Will Hayes buy back in?
Hayes has not said whether he intends to re-enter HYPE, though his market calls often shift quickly. Last week, he suggested crypto markets were about to enter “up only” mode, citing the U.S. Treasury’s $850 billion General Account fill as a liquidity trigger. He has also forecast Bitcoin could hit $250,000 by the end of 2025, underscoring his reputation for bold predictions.
Critics on crypto X highlighted the gap between what influencers say and what they actually do onchain. For now, Hayes’ flashy Ferrari move suggests profit-taking outweighed long-term conviction — leaving investors debating whether his HYPE forecast was signal or spectacle.
Recently we wrote that Ethereum co-founder Vitalik Buterin has called for greater focus on “low-risk DeFi,” arguing that it could become Ethereum’s most important application and provide the economic foundation the ecosystem needs for sustainable growth.
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