Arthur Hayes Sells HYPE for Supercar

BitMEX co-founder Arthur Hayes, known for his bold statements about Bitcoin and the cryptocurrency market, continues to attract attention with his altcoin transactions.

Recently, Hayes surprised the market by announcing that he sold his entire investment in Hyperliquid (HYPE) to purchase a supercar. He sold 97,000 HYPE tokens, worth approximately $5.1 million, and made an estimated profit of around $820,000.

Hayes mentioned on his X account that he needed the funds for a down payment on a Ferrari 849 Testarossa. This move comes just a month after HYPE predicted a nearly 126x increase in value over the next three years.

Despite selling, Hayes believes the expected price increase for HYPE is still possible, emphasizing that 2028 is far off. Currently, HYPE, the native token of the Hyperliquid decentralized derivatives exchange, saw a 9.1% drop in the last 24 hours, sitting at $48. Nevertheless, HYPE has appreciated by 660% since its launch at $6.51 in late November.

> “Need to pay my deposit on the new Rari 849 Testarossa”
> — Arthur Hayes (@CryptoHayes) September 21, 2025

*This is not investment advice.