Arthur Hayes-linked wallet buys 6.16 million SYN as he backs Hypercall
On-chain data showed an address linked to the BitMEX co-founder bought about $2.2 million of SYN through FlowDesk before he said Hypercall could challenge Deribit within the Hyperliquid ecosystem.
HYPE
Fact Check
All three claim elements are corroborated. The Onchain Lens post reports the Arthur Hayes-linked address bought 6.16M SYN (~$2.2M) via FlowDesk, matching the claim's '6.16 million SYN' and '$2.2 million through FlowDesk.' Hayes's own @CryptoHayes post confirms he backed Hypercall (owned by $SYN) as a Deribit challenger within the Hyperliquid ecosystem. BlockBeats explicitly states the purchase occurred before the post ('发文前'), supporting the sequencing in the claim. The only limitation is that wallet attribution rests on on-chain analytics (Onchain Lens/Arkham) rather than a direct admission by Hayes, hence not a perfect probability.
Summary
Arthur Hayes said on June 29 that he remains bullish on the Hyperliquid ecosystem but is looking for a more asymmetric opportunity within it, identifying Hypercall (SYN) as an options DEX he believes could challenge Deribit. On-chain data cited by Onchain Lens and PANews showed an address linked to Hayes bought 6.16 million SYN tokens through FlowDesk for about $2.2 million before that post on X. The combination of the linked wallet purchase and Hayes's public comments drew attention to SYN and Hypercall in the competitive crypto options market.
Terms & Concepts
- options DEX: Decentralized exchange for options trading.
- FlowDesk: Crypto trading and liquidity firm involved as the counterparty in the SYN purchase.
- asymmetric opportunity: Trade or investment with uneven risk-reward potential.