Arthur Hayes Exits Hyperliquid for a Ferrari: Is This a Concern for Traders?

Has Arthur Hayes just profited from his own 126x forecast for Hyperliquid? The co-founder of BitMEX liquidated his complete reserve of HYPE tokens, allegedly to finance a Ferrari Testarossa.

Just a month after informing a Tokyo audience about the token’s potential to surge 126x, Arthur Hayes sold off a portion of his HYPE holdings.

“Need to pay my deposit on the new Rari 849 Testarossa,” he tweeted on September 21.

Arthur Hayes(@CryptoHayes) just offloaded all 96,628 $HYPE($5.1M) he acquired a month ago, netting approximately $823K(+19.2%).

During his address at the WebX Summit on August 25, he foresaw a 126x potential for $HYPE, but he’s now exited with under a 20% gain.https://t.co/B6z5x7dOsv pic.twitter.com/69s0ZzIIii

— Lookonchain (@lookonchain) September 21, 2025

Then, it’s done. I admired Hyperliquid and what they stand for, but what can one do when their most prominent supporter has left them, or in the face of CZ Binance promoting the Aster project? CZ has effectively obliterated the FTX dreamers. Even his copy-pasted chain is formidable.

Distributed database information from Lookonchain reveals he netted $823,000, a 19.2% gain on 96,628 tokens. The manufacturer’s price for the sports car, approaching $590,000, matched the drama of the movement.

Can Hyperliquid Survive Without Arthur Hayes, Its Main Advocate?

HYPE powers the Hyperliquid decentralized derivatives trading network, which has witnessed a surge in activity. The coin was trading at $49.48 following Hayes’ departure, reflecting an 8% decline on that day but still up 660% since its launch at $6.51 last November.

According to DeFi Llama, Hyperliquid’s trading volume soared from $560 million in early August to a record-breaking $3.4 billion by August 24.

At WebX 2025, Hayes contended:

“Fiat debasement will fuel stablecoin growth and elevate Hyperliquid’s annualized fees to approximately $255 billion.”

DISCOVER: 20+ Next Crypto to Explode in 2025

Is This Another Hayes Trick? Crypto Investors Label Him a BullSh*t Artist

Hayes has a history of mixing audacious predictions with abrupt changes in direction. As the old crypto adage states: “Never trust what people claim in crypto, only what their actions reveal on chain.”

Recently, he stated that cryptocurrency was poised to enter an “up only” phase after the U.S. Treasury achieved its $850 billion account target.

“With this market fluidity drain finished, up only can recommence,” Hayes commented.

He also foresees BTC reaching $250,000 by the end of 2025, although he acknowledges that precision isn’t his priority.

“In the end, it doesn’t really matter,” he told Cointelegraph Magazine.

Despite Hayes’ Ferrari escapade, CoinGecko data indicates that daily HYPE trading volume remains steady. Liquidity on Hyperliquid hasn’t diminished, implying that users continue to engage with the network.

DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025

Bet Against Hayes, or Align with Him?

Hayes’ liquidation may appear to signal a trading market top, but the underlying fundamentals of the trading network present a contrasting narrative. Hyperliquid continues to grow rapidly, and HYPE is more than just a one-man operation.

The more pertinent question will be whether the Q4 crypto cycle actually brings about the “up only” environment Hayes envisioned, or did he merely cash in before the tunes stop?

EXPLORE: New Crypto Bill: Coinbase CEO Brian Armstrong Heads to Washington DC

Join The 99Bitcoins Announcement Discord Here For The Latest Trading market Updates

The post Arthur Hayes Dumps Hyperliquid for a Ferrari: Should Traders Care? appeared first on 99Bitcoins.