- Arthur Hayes sold 96,628 HYPE tokens, banking $823,000 profit, just weeks after predicting a 126x rally for the token.
- HYPE has surged 660% since launch, while Hyperliquid’s trading volume hit a record $3.4 billion in August 2025.
- Despite selling, Hayes maintains bold forecasts for crypto, including $250,000 Bitcoin by 2025, leaving traders debating whether to follow his words or his actions.
Arthur Hayes, the outspoken BitMEX co-founder, just pulled off a move that has the crypto world buzzing. Barely a month after saying Hyperliquid’s native token, HYPE, could climb 126x in three years, Hayes sold his entire stash… apparently to put down a deposit on a Ferrari 849 Testarossa.
“Need to pay my deposit on the new Rari 849 Testarossa,” Hayes joked in an X post on Sept. 21. According to Lookonchain, the sell netted him around $823,000 profit on 96,628 HYPE, good for a 19.2% gain. Not bad for a token he once called a moonshot.
HYPE’s Wild Ride and Hayes’ Big Call
For context, HYPE powers the Hyperliquid decentralized derivatives exchange, a platform that’s been drawing big attention lately. At the time of writing, the token trades at $49.48, down 8% in 24 hours, but still up a jaw-dropping 660% from its November launch at $6.51.
Hyperliquid itself is heating up too—trading volumes jumped from roughly $560 million in early August to a record $3.4 billion on Aug. 24, per DefiLlama. At the WebX 2025 conference in Tokyo, Hayes argued that fiat debasement and expanding stablecoin use could push Hyperliquid’s annualized fees from $1.2 billion to as high as $255 billion, fueling his bold 126x price prediction for HYPE.
So yeah, his Ferrari move feels a bit contradictory.
Will Hayes Jump Back Into HYPE?
Right now, Hayes hasn’t said whether he plans to reload on HYPE. But this isn’t the first time he’s mixed sharp trading moves with equally sharp takes. Just last week, he claimed crypto markets were about to enter “up only” mode after the U.S. Treasury reached its $850 billion General Account target.
He also still sees Bitcoin hitting $250,000 by the end of 2025—a call consistent with his history of dropping loud, sometimes offbeat predictions. In June, Hayes even told Cointelegraph Magazine he doesn’t stress if his Bitcoin calls turn out wrong: “I don’t know why people are hesitant to do it; it doesn’t really matter at the end of the day.”
What the Crypto Community Thinks
Some crypto X users aren’t exactly buying into the hype—literally. Many pointed out that it’s better to watch what big players like Hayes do on-chain, not just what they say. After all, while Hayes talks about HYPE’s long-term potential, his Ferrari-sized sell-off shows he’s not afraid to lock in gains when the chance comes.
For now, HYPE traders are left with the usual Hayes cocktail: bold predictions, flashy moves, and just enough contradiction to keep everyone guessing.
