Did Arthur Hayes just cash out on his own 126x prediction for Hyperliquid? The BitMEX co-founder sold his entire stash of HYPE tokens, reportedly to fund a Ferrari Testarossa.
Barely a month after telling a Tokyo audience the token could climb 126x, Arthur Hayes cashed out part of his HYPE stash.
“Need to pay my deposit on the new Rari 849 Testarossa,” he posted on Sept. 21.
Arthur Hayes(@CryptoHayes) just sold all 96,628 $HYPE($5.1M) he bought a month ago, making ~$823K(+19.2%).
During his speech at the WebX Summit on Aug 25, he predicted a 126x upside for $HYPE, but is now out with less than a 20% gain.https://t.co/B6z5x7dOsv pic.twitter.com/69s0ZzIIii
— Lookonchain (@lookonchain) September 21, 2025
Then, it’s over. I loved Hyperliquid and their values but what can a man do when their biggest advocate has abandoned them or against CZ Binance is promoting the Aster project? CZ literally destroyed the FTX wonder boys. Even his copypaste chain is unbeatable.
Blockchain data from Lookonchain shows he cleared $823,000, a 19.2% gain on 96,628 tokens. The sports car’s sticker price, up to $590,000, matched the move’s theatrics.
HYPE powers the Hyperliquid decentralized derivatives exchange, which has exploded in activity. The token traded at $49.48 after Hayes’ exit, down 8% on the day but still up 660% since launching at $6.51 last November.
According to DeFi Llama, Hyperliquid’s trading volume spiked from $560 Mn in early August to a record $3.4 Bn by Aug. 24.
At WebX 2025, Hayes had argued:
“Fiat debasement will drive stablecoin expansion and push Hyperliquid’s annualized fees as high as $255 Bn.”
DISCOVER: 20+ Next Crypto to Explode in 2025
Hayes has a track record of mixing bold forecasts with sudden mercurial pivots. As the old crypto saying goes: “Never believe what people say in crypto, only what their actions show on chain.”
Recently, he declared that crypto was about to enter “up only” mode after the U.S. Treasury topped its $850Bn account target.
“With this liquidity drain complete, up only can resume,” Hayes wrote.
He also predicts Bitcoin will hit $250,000 by end of 2025, though he admits accuracy isn’t his concern.
“It doesn’t really matter at the end of the day,” he told Cointelegraph Magazine.
Despite Hayes’ Ferrari stunt, CoinGecko data shows daily HYPE trading volume remains resilient. Liquidity on Hyperliquid has not fled, suggesting users are sticking with the platform.
DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025
Hayes’ sale may look like a top signal, but the exchange’s fundamentals tell a different story. Hyperliquid is still scaling fast, and HYPE is more than a one-man show.
The bigger question will be if the Q4 crypto cycle actually delivers the “up only” world Hayes promised, or did he just cash in before the music stops?
EXPLORE: New Crypto Bill: Coinbase CEO Brian Armstrong Heads to Washington DC
Join The 99Bitcoins News Discord Here For The Latest Market Updates
The post Arthur Hayes Dumps Hyperliquid for a Ferrari: Should Traders Care? appeared first on 99Bitcoins.
Also read: Black Swan Alert: What To Expect From Trump UN Speech?
