Ferrari Over HYPE? Arthur Hayes Cashes Out For Speed

Arthur Hayes, the co-founder of BitMEX, has exited his HYPE holding and signaled the cash will help cover a Ferrari deposit after a sizable on-chain sale late this ￰1￱ on reports, the move saw Hayes convert a large HYPE stake into roughly $5 million in proceeds, a trade that drew fast attention across social platforms and blockchain ￰2￱ Moves And Numbers According to on-chain data cited by trackers, Hayes sold about 96,628 HYPE tokens in the transaction, realizing roughly $823,000 in profit — a 19% gain on that ￰3￱ sale was flagged by analytics accounts and picked up by multiple crypto news outlets as an outright exit from his HYPE ￰4￱ figures line up with the on-chain snapshot that first alerted market watchers.

HYPE: The Market Response Markets reacted ￰5￱ show HYPE’s price slid in the hours after the transfer, falling by roughly 7.6–8.3% in some snapshots and as much as 12% on certain exchanges and feeds that tracked trade ￰6￱ and observers pointed to the size and timing of the sale as a key reason for the short-term dip in ￰7￱ to pay my deposit on the new Rari 849 Testarossa ￰0￱ — Arthur Hayes (@CryptoHayes) September 21, 2025 Hayes himself referenced paying a deposit on a new Ferrari 849 Testarossa in a public post, which outlets interpreted as the stated use of part of the ￰8￱ on reports, that comment — whether tongue-in-cheek or literal — helped shape headlines and social chatter about why the sale happened ￰9￱ Predictions And Timing Only weeks earlier, Hayes had publicly forecast a very large upside for HYPE, saying the token could rise as much as 126× over a multiyear ￰10￱ bullish projection was repeated at public appearances and amplified across crypto ￰11￱ contrast between a bold long-term call and a near-term exit has been a talking point among analysts and retail ￰12￱ are additional, more technical reasons cited by some analysts for taking profits ￰13￱ have highlighted looming token unlocks and scheduled vesting that would add fresh HYPE supply to the market over coming ￰14￱ report referenced a large scheduled vesting of hundreds of millions of tokens spread across a two-year window, a factor that could pressure price if large portions are sold into the ￰15￱ This Could Mean Going Forward Based on reports and market commentary, Hayes’ sale is being read two ways: as straightforward profit-taking by a high-profile holder, and as a signal to watch supply dynamics ￰16￱ events from big holders often force short-term volatility, while longer-term price direction will depend on adoption, trading demand, and how future unlocks are ￰17￱ image from Unsplash, chart from TradingView