Only a month after proclaiming that Hyperliquid’s token could rise more than 100 times in value, Arthur Hayes has stepped away from the bet – and into the driver’s seat of a Ferrari.
The BitMEX co-founder, known for his bold forecasts, admitted last weekend that he sold all of his HYPE holdings to cover a deposit on Ferrari’s upcoming 849 Testarossa. Blockchain trackers estimate the sale netted him a six-figure profit, with his wallet offloading just under 100,000 tokens.
A Rapidly Rising Token
Hyperliquid has been one of 2025’s standout performers. Launched late last year near $6.50, its native coin soared to almost $50 in recent weeks, helped by explosive growth on the decentralized derivatives platform it powers. At its peak in August, daily volumes crossed $3 billion – a huge jump from the half-billion seen only weeks earlier.
Predictions vs. Practice
The sale is striking because Hayes himself had been one of HYPE’s loudest champions. Speaking at a Tokyo conference in August, he painted a scenario where the token’s value could balloon 126 times over three years, driven by fiat debasement and a boom in stablecoin demand. He even suggested the exchange could one day rake in hundreds of billions in annualized fees.
Yet Hayes is no stranger to contradictions. Alongside his HYPE enthusiasm, he has recently projected Bitcoin at $250,000 by the end of 2025 and declared that crypto markets will soon flip into “up only” mode once U.S. Treasury liquidity issues subside.
The Lesson for Traders
Whether Hayes returns to Hyperliquid remains unclear. What is clear is that his actions stirred debate among traders about which matters more: his public calls or his on-chain activity. For many in crypto, the Ferrari episode is another reminder that following personalities can be riskier than following the data.
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/arthur-hayes-dumps-hype-tokens-for-ferrari-after-bold-126x-prediction/