The post Arthur Hayes Dumps HYPE, Warns of $12B Token Unlocks appeared on BitcoinEthereumNews.com.

Arthur Hayes sold his entire HYPE stash for a $823K profit, citing a Ferrari deposit. Looming $11.9B in HYPE token unlocks could flood the market with $500M monthly supply. Maelstrom report warned Hyperliquid faces its “first true test” as competition intensifies. BitMEX co-founder Arthur Hayes has stunned the crypto community after selling his entire stash of Hyperliquid’s native token HYPE, just weeks after publicly predicting that it could surge 126x over the next three years. On Sunday, Hayes confirmed on X that he had sold his holdings, joking that he needed to “cover the deposit” for a Ferrari 849 Testarossa.  Sudden Reversal Blockchain data platform Lookonchain reported that Hayes sold 96,628 HYPE, banking around $823,000 in profit, a 19.2% gain according to HypurrScan. At the time, HYPE was trading at $49.48, down more than 9% over the past 24 hours, though still up a staggering 1400% in the past year, as per CoinMarketCap data. The sale comes as Hyperliquid, the decentralized derivatives exchange behind HYPE, has seen usage explode. Monthly trading volume jumped from $560 million in early August to $3.4 billion by August 24, according to DeFiLlama. Related: Trump Policies Could Extend Asset Rally, Arthur Hayes Says as BTC Steadies Why Hayes Dumped While Hayes framed the sale in lighthearted terms, he later revealed deeper reasoning tied to looming token unlocks. In a follow-up post, he linked to a research note from Maelstrom, his own family office.  “This is why we dumped $HYPE today. But don’t worry 126x is still possible — 2028 is a long way off.” The report warns that beginning November 29, a massive 237.8 million HYPE will start vesting across 24 months. At today’s prices, that equals $11.9 billion in supply, with nearly $500 million set to unlock each month. Hyperliquid’s buyback program is estimated…

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Filed under: News - @ September 22, 2025 11:29 am