Arthur Hayes sold his entire HYPE stash on Sept. 21, converting 96,628 HYPE into roughly $823,000 profit on-chain. The BitMEX co-founder exited after a public 126x forecast; blockchain trackers HypurrScan and Lookonchain recorded the sale and profit details.
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Hayes sold 96,628 HYPE for ~ $823,000 profit
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HYPE remains up ~660% since launch; 24h price down ~8%
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Hyperliquid trading volume jumped from ~$560M to $3.4B in August (DefiLlama)
Arthur Hayes HYPE sale: BitMEX co-founder sold 96,628 HYPE, netting ~$823K. COINOTAG explains on-chain data, trading volume surge, and market context — read now.
BitMEX co-founder Arthur Hayes sold his entire Hyperliquid (HYPE) stash on Sept. 21, realizing approximately $823,000 in profit according to on‑chain trackers HypurrScan and Lookonchain. The sale follows Hayes’ bullish 126x forecast for HYPE made in August.
BitMEX co-founder Arthur Hayes executed an on‑chain exit of his entire Hyperliquid (HYPE) position a month after publicly forecasting a 126x rally. Blockchain analytics reported the sale of 96,628 HYPE, translating to roughly $823,000 in realized gains.
“Need to pay my deposit on the new Rari 849 Testarossa,” Hayes wrote on Sept. 21, referencing an expensive automotive purchase.
The sale was highlighted on-chain by trackers HypurrScan and Lookonchain, which recorded transaction IDs and profit estimates. Data aggregation shows Hayes achieved a ~19.2% gain on this position at the time of the trade.
The Ferrari 849 Testarossa will go on sale for up to $590,000. Source: Ferrari Youtube channel
What were the on-chain details of Hayes’ HYPE sale?
On‑chain trackers logged a transfer of 96,628 HYPE from addresses tied to Arthur Hayes, with HypurrScan estimating realized profit at about $823,000. The sale produced a roughly 19.2% gain versus his cost basis at the time the transaction was observed.
Transaction timestamps and wallet flows indicate a single consolidated exit rather than staggered sells. Analysts viewing the on‑chain data have noted the importance of tracking wallets, not just public commentary.
How has HYPE performed since launch?
HYPE is the native token for the Hyperliquid decentralized derivatives exchange. It launched at approximately $6.51 in late November and is up roughly 660% to $49.48 at the time of reporting. The token fell about 8.1% in the past 24 hours, reflecting short-term volatility.
Trading volume on the Hyperliquid DEX surged in August, growing from roughly $560 million to an all‑time high near $3.4 billion on Aug. 24, per DefiLlama data. Elevated volume supported broader price discovery and narrative momentum for the token.
Arthur Hayes speaking at WebX 2025 in Tokyo. Source: Alex Svanevik
Could Arthur Hayes buy back into HYPE?
Hayes has not signaled a re-entry into HYPE. Public comments and on‑chain activity can diverge; several voices in the crypto community emphasize relying on wallet flows as the most direct evidence of intent.
Hayes has a history of bold predictions, including a 126x forecast for HYPE and a $250,000 end‑of‑year target for Bitcoin. In a June interview with Cointelegraph Magazine, Hayes said he remains unconcerned about missed forecasts, describing public predictions as low‑stakes statements.
Frequently Asked Questions
How many HYPE tokens did Hayes sell and when?
Hayes sold 96,628 HYPE on Sept. 21, according to HypurrScan and Lookonchain on‑chain reporting. The move produced an estimated $823,000 in realized profit.
Was the HYPE sale linked to broader market news?
The sale followed a period of heightened trading volume for Hyperliquid and public comments from Hayes. While the sale was recorded on‑chain, no formal market‑moving announcement tied to the transaction was made by Hayes.
Key Takeaways
- On‑chain exit confirmed: Hayes sold 96,628 HYPE, realizing about $823K.
- Volume supported rally: Hyperliquid saw volume spike to ~$3.4B in August (DefiLlama).
- Watch wallets not just words: Community analysts stress the importance of wallet flow analysis over public predictions.
Conclusion
The Arthur Hayes HYPE sale highlights how on‑chain activity can diverge from public commentary. Hayes realized an estimated $823,000 from his exit, while HYPE’s broader market metrics show significant growth since launch. Monitor wallet flows and DEX volume for next‑order signals. COINOTAG will update this story as more on‑chain or official information becomes available.
