Arthur Hayes denies buying HYPE after wallet linked to him withdrew tokens from Bybit
On-chain analysts tied a wallet to the BitMEX co-founder and described a roughly $2.09 million HYPE transfer after he had sold above $72, but Hayes said, "I bought nothing."
HYPE
Fact Check
All elements of the claim are confirmed by primary sources. OnchainLens documented the ~$2.09M / 33,979 HYPE withdrawal from Bybit by a Hayes-linked wallet. BlockBeats notes Hayes had previously sold HYPE above $72. Arthur Hayes' own X post (@CryptoHayes status 2063823790727979016) responded 'I didn't buy shit' — directly equivalent to the paraphrased 'I bought nothing.' PANews also reports the denial.
Summary
Arthur Hayes said he did not buy HYPE after Onchain Lens and other analysts linked a wallet associated with him to a Bybit withdrawal of about 33,978 to 33,979 HYPE, valued near $2.09 million. The address identified as 0xf7A4...7494 was reported to hold 34,066 HYPE after the transfer. Some reporting framed the move as a buyback four days after Hayes had sold his entire position above $72, before HYPE fell roughly 23% to below $56, but Hayes publicly disputed that interpretation, saying, "I bought nothing."
Terms & Concepts
- HYPE: A crypto token involved in the reported Bybit withdrawal and alleged repurchase.
- Bybit: A cryptocurrency exchange from which the reported HYPE transfer originated.
- wallet: A blockchain address used to hold and transfer digital assets, including tokens withdrawn from exchanges.