The post HYPE Drops 10% After Hayes Sells, Still Sees 126x by 2028 appeared on BitcoinEthereumNews.com.

Key Notes Hyperliquid’s HYPE token fell 10%, erasing $1.7 billion in market value. Hayes sold his entire $5.1 million HYPE stake for a reported Ferrari purchase. He insists a 126x price surge by 2028 is still possible despite the sell-off. Hyperliquid’s native token, HYPE HYPE $48.67 24h volatility: 8.0% Market cap: $13.17 B Vol. 24h: $905.79 M , faced a steep 10% drop on Sept. 22, wiping more than $1.7 billion off its market cap in the past day. This decline comes as BitMEX co-founder Arthur Hayes liquidated his entire HYPE position, 96,628 tokens worth about $5.1 million. This sell-off comes only a month after Hayes publicly forecasted a 126-fold price surge over the next three years. On Sept. 21, LookOnChain revealed Hayes netted roughly $823,000 in profit, representing a 19% gain on his initial purchase. The crypto community quickly responded on social media, prompting Hayes to respond earlier that day. 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 In a post referencing a statement by his family office, Maelstrom, Hayes explained: “This is why we dumped HYPE today. But don’t worry 126x is still possible, 2028 is a long way off.” In an X post, he referenced a statement by his family office, Maelstrom, noting that starting Nov. 29, nearly 238 million HYPE tokens will begin vesting linearly over 24 months. According to the post, buyback programs can absorb only about 17% of that amount, leaving a monthly supply overhang of around $410 million. The potential unlock schedule has unsettled traders. Even major initiatives, including the much-anticipated Sonnet fund…

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Filed under: News - @ September 22, 2025 10:29 am