Arthur Hayes, co-founder of BitMEX, has liquidated his entire stash of Hyperliquid (HYPE) — apparently for a Ferrari — merely a month after predicting that the token would soar about 126 times over the next three years.
“Need to pay my deposit on the new Rari 849 Testarossa,” Hayes stated on September 21.
This update followed an X post from blockchain data platforms like Lookonchain on September 21, revealing that Hayes made approximately $823,000 in profit from his 96,628 HYPE, yielding a 19.2% gain, based on data from HypurrScan.
Arthur Hayes predicted HYPE to skyrocket 126x in August
HYPE serves as the native token of the Hyperliquid decentralized derivatives exchange. As of writing, HYPE was priced at $49.48, reflecting an 8.1% drop in the last 24 hours; however, it has risen an impressive 660% since its launch in late November at $6.51.
The decentralized exchange (DEX) also experienced a noticeable increase in trading volume last month, jumping from about $560 million at the beginning of August to an all-time high of $3.4 billion on August 24, according to data from DefiLlama.
During the WebX 2025 conference in Tokyo, Hayes predicted that HYPE’s price would escalate by 126 times over the next three years.
The BitMEX co-founder argued that ongoing fiat debasement would fuel stablecoin market growth and elevate HyperLiquid’s annualized fees to potentially as much as $255 billion, a significant increase from its current annualized revenue of $1.2 billion.
Is Arthur Hayes considering a HYPE buyback?
Currently, Hayes has not revealed whether he will reinvest in HYPE.
Evaluating some of Hayes’ recent forecasts, which may require skepticism, the 40-year-old indicated last week that the crypto market would soon transition into an “up only” phase following the US Treasury achieving its goal 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 complete, up only can resume,” Hayes expressed.
He also predicted that Bitcoin (BTC) could reach $250,000 by the end of 2025 and has a history of making daring market forecasts.
In a June discussion with Cointelegraph Magazine, Hayes mentioned he remains indifferent when his Bitcoin forecasts do not come to fruition.
“I don’t understand why people hesitate to do it; it doesn’t truly make a difference in the grand scheme,” he stated.
Meanwhile, some crypto community members emphasized the importance of monitoring actions taken by notable figures onchain rather than just their public remarks.
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