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Token up 660%, Hayes made $800K — who’s next?

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Token up 660%, Hayes made $800K — who’s next?

 💸 BitMEX co-founder Arthur Hayes secured massive profits by selling all his HYPE tokens — over $800,000 in just a month after making a loud prediction of a 126x cryptocurrency surge.

Arthur Hayes, co-founder of one of the largest crypto derivatives platforms — BitMEX, once again found himself in the spotlight of the industry. On September 21, he announced on social network X that he had sold all his HYPE tokens, earning more than $823,000 in profit just a month after predicting the rapid growth of this asset. “Need to put down a deposit for a new Ferrari 849 Testarossa,” Hayes commented, hinting at the crypto traders’ habit of converting digital profits into real-world assets.

Token up 660%, Hayes made $800K — who’s next?

Arthur Hayes speaking at WebX 2025 in Tokyo. Source: Alex Svanevik

Deal details and HYPE growth

According to blockchain analysts Lookonchain and HypurrScan, Hayes sold 96,628 HYPE tokens with a yield of 19.2%. This occurred while the token is currently trading at $49.48, although since its launch at the end of November last year at $6.51, HYPE has grown by an impressive 660%.

Token up 660%, Hayes made $800K — who’s next?

HYPE is the native token of the decentralized derivatives exchange Hyperliquid. The exchange has shown rapid growth in trading volumes over the past month: from $560 million in early August to a historical high of $3.4 billion on August 24, according to DefiLlama. These figures confirm the platform’s fast development and the growing interest of traders in crypto derivatives.

Token up 660%, Hayes made $800K — who’s next?

“What’s the issue? The buyback at current levels can only absorb ~17%. This leaves an oversupply of $410 million per month. Did the market account for the sheer scale of these unlocks?” the expert pointed out.

Token up 660%, Hayes made $800K — who’s next?

Source: Arthur Hayes.

Hayes’s forecast and economic logic

During the WebX 2025 conference in Tokyo, Hayes stated that the price of HYPE could increase 126 times within three years. In his view, the ongoing devaluation of fiat currencies will lead to the expansion of the stablecoin market and higher HyperLiquid turnover. Hayes predicts that the exchange’s annual fees will grow to $255 billion compared to $1.2 billion at the time of his forecast.

The BitMEX co-founder is also known for bold Bitcoin predictions: he expects BTC to reach $250,000 by the end of 2025. At the same time, Hayes repeatedly emphasized that he doesn’t care if predictions turn out to be inaccurate: “I don’t understand why people are shy about making predictions — in the end it doesn’t matter that much,” he said in an interview with Cointelegraph Magazine in June.

Possible next steps

At this point, Hayes has not disclosed whether he plans to buy HYPE again or use the proceeds for other investments. The token sale serves as a reminder to the market that even the most devoted project supporters may lock in profits without losing long-term confidence in the asset. Some members of the crypto community note that to assess the real strength of investors and trends, it is important to observe their on-chain actions, not just their public statements.



🎯 Why this matters for investors

Hayes’s HYPE sale is a market signal demonstrating the maturity of participants and the project’s real dynamics. At the same time, the massive token growth in a short period highlights HyperLiquid’s potential and the interest of both institutional and retail traders in innovative decentralized platforms. The open question remains: will HyperLiquid become the next major player in the derivatives market, or will the current hype remain a short-term phenomenon?

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