BitMEX co-founder Arthur Hayes has cashed out his entire Hyperliquid (HYPE) stack — apparently to fund a Ferrari purchase — just a month after predicting the token could jump 126x within three years.
“Need to pay my deposit on the new Rari 849 Testarossa,” Hayes posted on Sept. 21.
The remark followed reports from blockchain trackers like Lookonchain the same day, which noted Hayes pocketed roughly $823,000 in profit from selling 96,628 HYPE — a 19.2% gain, per HypurrScan data.
In August, Arthur Hayes forecasted that HYPE could skyrocket 126x.
HYPE is the native token of the Hyperliquid decentralized derivatives exchange. At the time of writing, it was trading at $49.48 — down 8.1% in the past 24 hours but still up an impressive 660% since its late-November debut at $6.51.
The exchange itself has also posted explosive growth, with trading volumes climbing from about $560 million at the start of August to a record $3.4 billion on Aug. 24, per DefiLlama.
Speaking at the WebX 2025 conference in Tokyo, Hayes said he expects HYPE’s price to multiply 126 times within three years.
The BitMEX co-founder argued that ongoing fiat debasement would fuel stablecoin growth and could push Hyperliquid’s annualized fees as high as $255 billion — a sharp jump from the $1.2 billion annualized revenue it was generating at the time.
Will Arthur Hayes return to HYPE?
So far, Hayes hasn’t signaled whether he plans to re-enter HYPE.
Looking at some of his other bold forecasts, the 40-year-old recently claimed that crypto markets are about to flip into “up only” mode after the U.S. Treasury hit its target of refilling the General Account with $850 billion on Friday.
“With this liquidity drain complete, up only can resume,” Hayes wrote.
He has also predicted Bitcoin could soar to $250,000 by the end of 2025 — continuing a track record of sweeping market calls. In a June interview with Cointelegraph Magazine, Hayes admitted he doesn’t stress over being wrong on Bitcoin predictions:
“I don’t know why people are hesitant to do it; it doesn’t really matter at the end of the day,” he said.
Meanwhile, some on crypto X pointed out that the real signal lies in tracking what prominent figures do on-chain — not necessarily what they say publicly.
