Arthur Hayes Sells $5.1 Million in HYPE Weeks After Bold 126x Forecast — Buys a Ferrari Instead

Jakarta, Pintu News – According to Coingape, Arthur Hayes recently sold his entire stake in HYPE for around $5.1 million, less than a month after predicting the token could rise up to 126 times.

The BitMEX co-founder confirmed the sale in person, joking that the proceeds would go towards the down payment on his new Ferrari Testarossa.

Arthur Hayes Sells HYPE Despite Bullish Projections

According to Lookonchain data, BitMEX co-founder Arthur Hayes has sold 96,628 HYPE tokens with a total value of around $5.1 million. From that sale, he made a profit of around $823,000, or just 19.2% above his entry price.

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The move comes as a surprise as it comes just a few weeks after Hayes had expressed a super bullish view on HYPE. At the WebX Asia conference, he even said the token had the potential to soar 126-fold, citing Hyperliquid’s decentralized exchange revenue growth and growing role in the stablecoin market.

Hayes himself confirmed the sale, joking that the proceeds would be used to buy a new Ferrari Testarossa.

Hayes’ Sale Leads to Speculation

This sudden decision sparked various speculations. Some suspected Hayes was diverting funds to ASTER, a new token launched three days before the sale. Crypto watcher Yoshitaka found this move quite surprising, considering Hayes was one of HYPE’s vocal supporters.

Meanwhile, some traders see the move as profit-taking after a rapid rise in prices. But there are also those who see it as a sell signal for retail investors.

According to them, the next 24-72 hours will determine whether new buyers step in or selling pressure intensifies.

This is not the first time Hayes has made bullish statements in public but acted differently in his portfolio. Previously, he sold over $13 million of assets, including Ethereum (ETH), Ethena (ENA), and Pepe (PEPE), despite predicting a “massive alt-season.”

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Critics have noted that Hayes’ public comments are often not in line with his personal strategy in the market.

HYPE Price Reaction After Arthur Hayes Sale

The market immediately reacted to the big sale by Arthur Hayes. Based on CoinMarketCap data, HYPE’s price has plummeted by around 8.3% in the last 24 hours. The token is currently trading at around $49.9, lagging far behind the performance of the general crypto market.

Technical signals also support this bearish trend. MACD showed a negative divergence, RSI moved close to the oversold level, and the price broke the support area at $52-$53. However, analysts think that if there are new buyers coming in, the high selling volume could open up opportunities for a temporary price bounce.

This correction comes shortly after HYPE printed an all-time high of $53.44 at the beginning of the month, having rallied more than 1,200% from its late 2024 low.

Prior to this drop, positive sentiment had strengthened after Native Markets won the mandate to manage the launch of Hyperliquid’s (HYPE) USDH stablecoin, a decision that resulted from a vote of Hyperliquid stakers.

The milestone confirms fundamental progress in the Hyperliquid ecosystem, although the token price is still subject to short-term fluctuations.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Arthur Hayes Dumps $5.1M HYPE Bag Weeks After 126x Call, Says He is Buying a Ferrari. Accessed on September 22, 2025
• Cointelegraph. Arthur Hayes says he sold all his HYPE… to buy a Ferrari. Accessed on September 22, 2025