The repurchase came four days after he sold his entire position above $72, ahead of a roughly 23% drop that took HYPE below $56.
Arthur Hayes has bought back 33,978 HYPE for $2.09 million, reversing a trade he made four days earlier when he sold his entire holding above $72. That earlier sale locked in gains before HYPE fell roughly 23% to below $56. The sequence points to a successful exit and re-entry around a sharp price decline, a trading pattern closely watched in crypto markets for what it may signal about short-term sentiment and positioning.