- Arthur Hayes sold 96,628 $HYPE for $5.1M
- Made $823K profit from a month-long investment
- He predicted a 126x gain at the WebX Summit
BitMEX co-founder Arthur Hayes has once again made headlines in the crypto world—this time by cashing out of his $HYPE token holdings just one month after investing. Hayes sold all 96,628 of his $HYPE tokens for a total of $5.1 million, locking in a profit of $823,000.
The sale comes on the heels of his bold prediction at the WebX Summit on August 25, where he claimed that $HYPE had the potential to surge 126x. This statement sparked community discussions and added buzz around the token.
While $HYPE didn’t achieve the staggering multiple Hayes forecasted, the token did perform well enough to deliver him a healthy return in a short span.
Bold Prediction Meets Quick Exit
Hayes’ exit is raising eyebrows, especially given the timing. Making such a confident statement on stage, then exiting the position just weeks later, has led some to question whether the prediction was genuine or a well-timed move to stir interest.
That said, crypto veterans know that Hayes has a knack for riding waves and exiting at strategic moments. With volatile markets and narrative-driven tokens like $HYPE, smart money often moves faster than the hype cycle itself.
His decision to cash out now may signal caution—or simply excellent timing. Either way, it’s a textbook example of profit-taking in the speculative altcoin space.
What’s Next for $HYPE?
With Hayes now out of the picture, all eyes are on $HYPE’s next moves. Will the token maintain momentum without the backing of a high-profile name? Or will the exit cool down its recent surge?
Only time will tell. For now, Hayes walks away with a hefty profit, while the $HYPE community is left to decide what’s real: the promise of 126x—or the quick flip that followed.
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