Arthur Hayes Sells HYPE Tokens Amidst Future Price Predictions

Arthur Hayes, co-founder of BitMEX, sold approximately 96,600 HYPE tokens on September 21 for $5.1 million, shortly after predicting their long-term growth potential.

The sale sparked debate about Hyperliquid’s upcoming token unlock and potential market pressure amidst volatility.

Hayes Sale Precedes $11.9B Token Unlock Event

Hayes’s token sale, just weeks after predicting a price surge, highlighted potential personal financial motives. The transaction was linked to a luxury purchase. As a result, a noticeable 8% price drop followed. The planned token unlock in November will release $500 million monthly, overshadowing market buybacks and leading traders to remain cautious. The community’s reaction has been divided. While some view the move as profit-driven, others express concern over potential selling pressure once the unlocking begins. Hayes insists his actions were personally motivated, not reflective of changed project sentiment.

Need to pay my deposit on the new Rari 849 Testarossa, said Hayes, explaining the sale as driven by personal luxury spending, not a loss of faith in the project. He simultaneously reiterated his bullish long-term outlook.

Need to pay my deposit on the new Rari 849 Testarossa, said Hayes, explaining the sale as driven by personal luxury spending, not a loss of faith in the project. He simultaneously reiterated his bullish long-term outlook.

Whale Sales and Market Dynamics Explored

Did you know? Hayes’s sale occurred just before a major token unlock, which could significantly impact HYPE’s market dynamics.

Hyperliquid (HYPE) is priced at $47.86 with a market cap of $15,980,555,275. The token experienced an 11.8% drop over 24 hours with robust trading volumes up by 116.44% as of September 22, 2025, reflecting intensified market participation. Circulating supply stands at 333,928,180 against a max supply of 1 billion, according to CoinMarketCap.

Coincu research suggests that Hyperliquid’s token unlock may increase short-term volatility. Monitoring shifts in liquidity and large-holder activities around the unlock period could provide insights into broader market impacts. Historical performance indicates resilience despite sell-offs, pointing to potential stabilization if macro factors align.