Arthur Hayes, co-founder of BitMEX, has liquidated his entire Hyperliquid (HYPE) holdings just a month after forecasting a 126x surge for the token over three years—reportedly to fund a Ferrari.
“I need to pay my deposit on the new Rari 849 Testarossa,” Hayes posted on Sept. 21.
This announcement followed a post on X by blockchain data platforms like Lookonchain on Sept. 21, revealing that Hayes earned approximately $823,000 from his 96,628 HYPE, which resulted in a 19.2% gain according to HypurrScan data.
Hayes predicted HYPE to soar 126x in August
HYPE is the native token powering the Hyperliquid decentralized derivatives exchange. At the time of writing, HYPE was priced at $49.48, experiencing an 8.1% dip in the last 24 hours, yet up an astonishing 660% since its late November launch at $6.51.
The DEX saw a significant rise in trading volume last month, increasing from approximately $560 million at the beginning of August to an all-time high of $3.4 billion on Aug. 24, as stated by DefiLlama data.
During the WebX 2025 conference in Tokyo, Hayes forecasted HYPE’s price to increase 126x over the next three years.
The BitMEX co-founder suggested that ongoing fiat debasement could lead to the stablecoin market’s expansion, potentially pushing HyperLiquid’s annualized fees to $255 billion from $1.2 billion at the time.
Will Arthur Hayes reinvest in HYPE?
Currently, Hayes has not expressed any intention to re-enter HYPE.
Reflecting on some of his recent predictions, the 40-year-old indicated that crypto markets might soon enter an “up only” phase following the US Treasury’s achievement of filling the General Account with $850 billion on Friday.
Related: Price predictions 9/19: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, LINK, AVAX
“With this liquidity drain done, the upward trend can resume,” Hayes commented.
He also predicts Bitcoin (BTC) could reach $250,000 by the end of 2025, maintaining a reputation for making audacious market forecasts.
In an interview with Cointelegraph Magazine in June, Hayes expressed that he is unfazed by inaccuracies in his Bitcoin predictions.
“I don’t understand why people hesitate to do it; at the end of the day, it doesn’t really matter,” he stated.
Conversely, some crypto X users emphasized the significance of monitoring the on-chain activities of prominent figures rather than their public statements.
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