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Arthur Hayes Sells $5.1 Million Worth of HYPE Tokens

Arthur Hayes Sells $5.1 Million Worth of HYPE Tokens

After forecasting a 126x surge for Hyperliquid’s HYPE token, Arthur Hayes sold his entire HYPE stash, reportedly making a profit of $823,000, and humorously linked the proceeds to a Ferrari deposit.

HYPE

Fact Check
Multiple news sources (BeInCrypto, Phemex) and social media chatter corroborate the specific details of the sale: 96,600 HYPE tokens for $5.1 million. One source explicitly mentions the claim is based on on-chain data, which is a strong form of evidence in the cryptocurrency space.
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Summary

Arthur Hayes sold his entire HYPE token stash, netting around $823,000 in profit from his 96,628 tokens. This sale comes shortly after his bullish forecast for HYPE’s price surge by 126x, with Hayes humorously attributing the sale to a Ferrari 849 Testarossa deposit. Despite the liquidation, HYPE saw a remarkable 660% rise since its November 2024 launch, reaching $49.48 at the time of the sale.

Terms & Concepts
  • HYPE token: A cryptocurrency token used within the Hyperliquid decentralized derivatives exchange, with a significant rise in value since its launch in late 2024.