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Arthur Hayes sells all his $HYPE tokens for $5.1M just weeks after calling for a 126x surge, making $823k in profits.
Author: Sahil Thakur
22 September, 2025 -BitMEX co-founder Arthur Hayes has sold his entire holding of $HYPE tokens, worth $5.1 million, just a month after buying them. The sale locked in a profit of around $823,000, according to on-chain data.
This comes weeks after Hayes made headlines at the WebX Summit in Tokyo on August 25, where he publicly predicted that $HYPE could surge 126x in the coming years. At the time, he argued that Hyperliquid’s HYPE token could eventually reach a price of $5,000, driven by massive growth in the stablecoin market and broader risk-on sentiment.
Despite that bold forecast, Hayes has now exited his position.
In response to the sell-off making waves on social media, Hayes took a humorous approach. He joked that he needed cash for a deposit on a Ferrari 849 Testarossa, a hybrid supercar officially unveiled on September 9, 2025, with production slated for mid-2026.
Although his joke lightened the mood, the timing sparked debate. His sale came just a month after heavily promoting the token, drawing sharp criticism from the crypto community.
In a recent podcast with Kyle Chasse, Hayes outlined his bullish thesis on HYPE.
He believes the stablecoin market could grow beyond $10 trillion in supply. That kind of scale, he argued, would trigger intense speculation and heavy leverage from retail traders.
“If I pick the right piece of coin… I can get the car, pay off my student loan…,” Hayes said, illustrating the mindset of traders during risk-on cycles.
He pointed to Hyperliquid, a platform focused on leverage, as a prime beneficiary of this frenzy. In his words, “I’m going to own the casino where the plebs are going to gamble.”
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The sell-off serves as a reminder that even vocal supporters take profits, sometimes much earlier than public statements suggest.
Hayes may still believe in HYPE’s long-term potential, but in this case, a 1.2x gain was enough to walk away with over $800K.
It also reinforces a broader truth in crypto: big predictions don’t always mean long-term holding. Timing matters, and so does knowing when to exit.
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