Arthur Hayes Called $150 for HYPE, Then a Linked Wallet Sold at $54 and Paid $62 to Get Back In

The Buyback That Resolved the Mystery

When onchain tracking steadfast Lookonchain flagged that a wallet linked to Hayes had deposited 115,453 HYPE worthy $6.33 million into Bybit connected May 23, the determination raised questions, particularly due to the fact that conscionable a fewer weeks earlier, Hayes had precocious made a bullish $150 terms telephone connected the token’s terms (even though his wallet enactment suggested imaginable selling).

That question present has an reply arsenic the deposit was confirmed arsenic a merchantability astatine an mean of $54.81 per token. The aforesaid wallet past withdrew 85,714 HYPE (worth $5.37 million) from Bybit astatine $62.69 per token, astir 3 hours earlier the probe was published. In all, Hayes-linked enactment cashed retired a larger presumption astatine $54.81 and bought backmost a smaller 1 astatine astir $8 much per token.

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In a widely work essay published earlier this year, Hayes named Hyperliquid arsenic his highest-conviction presumption and acceptable a terms people of $150 for HYPE by August 2026. His outlook hinges connected Hyperliquid’s gross model, which directs astir 97% of trading fees toward buying backmost HYPE from the unfastened market, a operation helium has argued makes it the astir capital-efficient token successful decentralized finance ( DeFi).

HYPE Rally Adds Context to Hayes-Linked Wallet Activity

HYPE’s show has since validated overmuch of that underlying thesis with the token hitting an all-time precocious of $64.24 connected May 24, portion the level processed implicit $176 cardinal successful 30-day trading volume with unfastened involvement surpassing $8 billion. The web generated implicit $896 cardinal successful gross implicit the past 12 months, placing it among the astir profitable DeFi protocols successful operation.

The wallet attributed to Hayes besides carries a 504.4 BTC agelong presumption worthy astir $38.9 cardinal and a 57,460 ZEC abbreviated presently astatine a loss, indicating wide multi-asset vulnerability crossed the book. As with each onchain wallet attributions, the nexus to Hayes is based connected expert clustering methodology and has not been confirmed by Hayes himself.

Lastly, for broader discourse connected the HYPE abbreviated landscape, Bitcoin.com News reported past week that a Hyperliquid trader known arsenic Loracle continued to support a $103 cardinal HYPE abbreviated arsenic prices climbed toward a liquidation level adjacent $69.90.