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    Arthur Hayes Sold Hyperliquid For Ferrari

    CryptoGateBy No Comments3 Mins Read


    BitMEX co-founder Arthur Hayes has bought off his complete Hyperliquid (HYPE) stash  — seemingly, for a Ferrari —  only a month after he tipped the token to surge round 126x over the subsequent three years.

    “Must pay my deposit on the brand new Rari 849 Testarossa,” Hayes wrote on Sept. 21. 

    The publish got here after an X publish from blockchain knowledge platforms corresponding to Lookonchain on Sept. 21 that stated Hayes banked round $823,000 of revenue on his 96,628 HYPE — netting him a 19.2% achieve, in response to data from HypurrScan. 

    The Ferrari 849 Testarossa will go on sale for as much as $590,000. Supply: Ferrari YouTube channel

    Arthur Hayes predicted HYPE to rocket 126x in August

    HYPE is the native token that powers the Hyperliquid decentralized derivatives alternate. HYPE was $49.48 on the time of writing, down round 8.1% over the previous 24 hours, however is up a staggering 660% because it launched in late November at $6.51.

    The DEX has additionally seen a major uptick in buying and selling quantity final month, going from round $560 million at the beginning of August to an all-time excessive of $3.4 billion on Aug. 24, in response to data from DefiLlama. 

    Throughout the WebX 2025 convention in Tokyo, Hayes forecasted HYPE’s worth to surge 126x over the subsequent three years. 

    Arthur Hayes talking at WebX 2025 in Tokyo. Supply: Alex Svanevik

    The BitMEX co-founder argued that continued fiat debasement would drive stablecoin market expansion and push HyperLiquid’s annualized charges to as excessive as $255 billion, up from its annualized income of $1.2 billion on the time. 

    May Arthur Hayes purchase again into HYPE? 

    Because it stands, Hayes hasn’t but indicated if he’ll dive again into HYPE. 

    a few of Hayes’ different latest predictions which will or could not require a pinch of salt, the 40-year-old suggested last week that the crypto markets will quickly enter “up solely” mode because the US Treasury hit its purpose of filling the Normal Account with $850 billion on Friday. 

    Associated: Price predictions 9/19: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, LINK, AVAX

    “With this liquidity drain full, up solely can resume,” Hayes wrote. 

    Hayes additionally sees the price of Bitcoin (BTC) hitting $250,000 by the tip of 2025, and has a historical past of constructing daring market predictions.