Arthur Hayes Sells HYPE $5.1M Token Sparking FOMO in Market

HYPE Token Faces 7% Dip After Arthur Hayes Sells HYPE

Arthur Hayes sells HYPE after moving a large token stake on-chain. The BitMEX co-founder sold about 96,600 HYPE, worth about $5.1 million at the time securing a profit of approximately $823,000, a 19.2% gain. The transfer drew fast attention on social media and from on-chain trackers.

Source : Lookonchain 

On-Chain Data Confirms HYPE Transfer

The sale was verified by multiple on-chain trackers and was shared across crypto news outlets. The wallet path and swap details released by monitors show the tokens moved through liquidity pools and exchanges before being converted to stablecoins and other assets. On-chain evidence makes the claim harder to dispute and fuels news coverage. 

From Bold 126x Prediction to Full Exit

The move is striking because it comes only weeks after he made one of his most bullish public calls of the year. Speaking at the WebX Summit in Tokyo on August 25, He had forecast that HYPE could surge by as much as 126 times its current value in the coming years, framing the token as a future heavyweight in the decentralized finance landscape.

Now, less than a month later, his complete exit from the position has stirred speculation about whether he has lost conviction in Hiperliquid’s long-term story  or whether he simply took profits amid uncertain market conditions.

Will Arthur Hayes Buy Again After taking Profit

After taking the profit, Arthur Hayes commented on X “Need to pay my deposit on the new Rari 849 Testarossa” an indirect message that the sale was personal profit-taking rather than a total loss of faith in Hyperliquid.

Source : X 

Traders’ Take: Sell signal or profit-taking?

Traders are split. Some call this profit-taking and say Hayes may still hold tokens. Others see it as a warning sign: if insiders sell, retail traders may panic. The correct read will depend on what happens in the next 24–72 hours — whether buyers step in or more sell orders hit the market.

Hyperliquid Token Price Impact Due to Sell Off

After the sale, coins price showed a dip while trading volume rose. Traders sold and reacted quickly. Many viewers on crypto channels noted sudden sales and higher activity on order books. Market watchers say a big sell by a known figure can change short-term sentiment even if the token’s long-term story is intact.

Source : Coinmarketcap

Currently the coin is trading at $49.87 with a 7.61% downfall in the last 24hrs. For now, price swings are likely while the market digests the news.

What to watch next

Key signals to follow: HYPE trading volume, large buy orders at support levels, more on-chain moves from the same wallet, and any comment from Hayes or Hyperliquid. Short-term traders should use clear risk limits.