$HYPE Token Faces #SellingPressure as #ArthurHayes Exits Position


BitMEX co-founder Arthur Hayes has sold his entire Hyperliquid $HYPE token position, generating over $800,000 in profits from his 96,628 token holdings. Hayes announced the sale on social media, stating he needed funds for a Ferrari 849 Testarossa deposit.


The transaction yielded Hayes a 19.2% gain, according to HypurrScan data. $HYPE was trading at $49.48 at press time, down 8.1% over 24 hours but maintaining impressive 660% gains since launching at $6.51 in late November.


Hayes had previously predicted $HYPE would surge 126x over three years during the WebX 2025 conference in Tokyo. The BitMEX founder argued that continued fiat debasement would drive stablecoin market expansion and push #Hyperliquid's annualized fees to $255 billion.


The timing coincides with upcoming token vesting schedules that could introduce significant supply pressure. Team tokens representing 23.8% of total supply will begin unlocking on Nov. 29, potentially releasing $11.9 billion worth of tokens over 24 months.


Large whale investors are also reducing positions ahead of the vesting event. One major holder withdrew $122 million worth of $HYPE tokens after nine months of holding, sitting on approximately $90 million in unrealized profits.

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September 22, 2025 at 7:29 PM
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