Arthur Hayes, co-founder of BitMEX, has liquidated his entire Hyperliquid (HYPE) holdings—reportedly to purchase a Ferrari—just a month after predicting the token’s value would soar by approximately 126x over three years.
“I need to secure my deposit for the new Rari 849 Testarossa,” Hayes tweeted on Sept. 21.
This announcement followed a post on X from blockchain data platforms like Lookonchain, stating that Hayes earned roughly $823,000 in profit from his 96,628 HYPE tokens—a 19.2% gain, according to HypurrScan data.
Arthur Hayes Forecasted HYPE to Soar 126x in August
HYPE serves as the native token for the Hyperliquid decentralized derivatives exchange. At the time of writing, HYPE stood at $49.48, down about 8.1% in the past 24 hours, but up a remarkable 660% since its launch in late November at a price of $6.51.
The DEX experienced a notable increase in trading volume last month, rising from around $560 million at the beginning of August to an all-time high of $3.4 billion on Aug. 24, based on DefiLlama data.
During the WebX 2025 conference in Tokyo, Hayes predicted a 126x price surge for HYPE over the next three years.
Hayes contended that ongoing fiat debasement would fuel the expansion of the stablecoin market and drive HyperLiquid’s annualized fees up to $255 billion, a significant increase from its existing annualized revenue of $1.2 billion.
Will Arthur Hayes Reinvest in HYPE?
Currently, Hayes has not expressed any intentions to re-enter the HYPE market.
Considering some of Hayes’ recent speculative forecasts, the 40-year-old suggested last week that the crypto markets are set to enter an “up only” phase, following the US Treasury’s achievement of filling the General Account with $850 billion on Friday.
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“Upon completing this liquidity drain, we can anticipate an upward trend,” Hayes noted.
Hayes also envisions Bitcoin (BTC) reaching $250,000 by the close of 2025 and has been known for making audacious market predictions.
In a conversation with Cointelegraph Magazine last June, Hayes remarked that he remains unfazed by inaccuracies in his Bitcoin forecasts.
“I don’t understand why people hesitate to express their views; it ultimately doesn’t matter,” he stated.
Meanwhile, some members of the crypto community emphasized the importance of monitoring on-chain actions of influential figures rather than solely their public remarks.
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