BitMEX Co-Founder Arthur Hayes Dumps Entire $5.1M HYPE Stack To Buy Ferrari Just Weeks After Predicting 126x Surge

Arthur Hayes Cashes Out Entire HYPE Stake For Ferrari Funds

BitMEX co-founder Arthur Hayes has liquidated his full HYPE token holding, pocketing about $823,000 in profit and revealing on X that the money would “pay my deposit on the new Rari 849 Testarossa”.

The trade involved 96,628 HYPE tokens and delivered a 19.2% return, according to blockchain tracker Lookonchain.

Bold 126x Forecast Followed By Sudden Exit

The move surprised many in the market.

Only weeks earlier, during the WebX 2025 conference in Tokyo, Hayes told the audience that HYPE could rise 126 times in value over three years.

He linked that prediction to Hyperliquid’s expanding decentralised derivatives exchange and the expected boom in stablecoin trading.

Massive Token Unlock Looms Over Hyperliquid

Hayes pointed to research from Maelstrom that highlighted a major supply threat.

Starting 29 November, 237.8 million HYPE tokens will begin vesting over a two-year period.

At the current price of roughly $50, that is about $11.9 billion in fresh supply, translating to nearly $500 million of new tokens each month.

Present buybacks are estimated to absorb only around 17 percent of that flow, leaving a significant gap that could pressure prices.

Speculation Over Hayes’ Next Move

The sale has fuelled rumours that Hayes may rotate into newer projects such as ASTER, a token that launched just days before his HYPE exit.

Crypto commentator Yoshitaka noted the shift was striking given Hayes had been one of HYPE’s loudest supporters.

This is not the first time he has talked up a bullish outlook while taking profits, having previously sold sizeable positions in ETH, ENA and PEPE despite predicting a strong altcoin rally.

Bitcoin Remains His Long-Term Bet

Away from HYPE, Hayes continues to share big-picture market views.

He has kept a year-end 2025 price target of $250,000 for Bitcoin and recently said “up only can resume” now that the US Treasury has reached its $850 billion General Account goal, a development he believes adds liquidity to crypto markets.

Warning Against Quick Riches In Crypto

Hayes has also cautioned investors chasing instant wealth.

He said in a recent interview,

“If you thought you were buying Bitcoin and the next day you were buying a Lamborghini, you’re probably getting liquidated.”

While Bitcoin has lagged the S&P 500 and gold in recent weeks, Hayes argued those comparisons are misleading, claiming that when adjusted for inflation and currency debasement “if you deflate things by Bitcoin, you can’t even see it on the chart.”