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BitMEX co-founder Arthur Hayes has reportedly sold his entire holdings of the Hyperliquid (HYPE) token, with the proceeds seemingly earmarked for the purchase of a Ferrari Testarossa. This move comes just a month after Hayes had predicted a significant surge for the HYPE token.
Key Takeaways
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Arthur Hayes has sold all his HYPE tokens.
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The sale is reportedly to fund the purchase of a Ferrari Testarossa.
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Hayes had previously predicted a 126x increase for HYPE.
The Ferrari Acquisition
Hayes announced his intention to purchase the "new Rari 849 Testarossa" on September 21st, stating the need to pay the deposit. Blockchain data platforms, such as Lookonchain, indicated that Hayes profited approximately $823,000 from his HYPE holdings, realizing a 19.2% gain on his 96,628 HYPE tokens.
The Ferrari 849 Testarossa is expected to be priced up to $590,000.
Hyperliquid's Performance and Hayes' Predictions
HYPE is the native token of the Hyperliquid decentralized derivatives exchange. At the time of writing, HYPE was trading at $49.48, showing a slight decrease of 8.1% in the last 24 hours, but a substantial increase of 660% since its launch in late November at $6.51.
Hyperliquid has experienced a notable rise in trading volume, escalating from around $560 million at the beginning of August to an all-time high of $3.4 billion on August 24th. During the WebX 2025 conference in Tokyo, Hayes had forecasted that HYPE's price would increase 126-fold over the next three years, citing the potential for stablecoin market expansion driven by fiat debasement.
Future Market Outlook
It remains unclear whether Hayes plans to re-invest in HYPE. In other recent market commentary, Hayes suggested that the crypto markets are poised to enter an "up only" phase following the U.S. Treasury's successful accumulation of $850 billion in its General Account. He also anticipates Bitcoin reaching $250,000 by the end of 2025.
Hayes has a history of making bold market predictions and has previously stated that he is unconcerned by inaccuracies in his Bitcoin forecasts.
Key Takeaways
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Arthur Hayes Sold Hyperliquid For Ferrari, Cointelegraph.
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