Arthur Hayes close all positions HYPE cash out 5.1 million dollars "buy Ferrari", slap in the face 126 times bullish prediction?

Just a few weeks after predicting that HYPE Token would rise 126 times, cryptocurrency industry executive Arthur Hayes suddenly liquidated his entire HYPE Holdings worth $5.1 million. This move immediately triggered market turbulence, causing the HYPE price to fall 8.3% within 24 hours. The dumping not only sparked speculation among investors about his motives but also highlighted the complexity of the discrepancies between the words and actions of prominent figures in the Crypto Assets field.

Arthur Hayes sells all HYPE holdings, causing an uproar in the market

On-chain data shows that Arthur Hayes has sold all of his 96,628 HYPE tokens, cashing out $5.1 million with a profit of about $823,000, yielding a return of approximately 19.2%. This selling occurred just a few weeks after Hayes publicly predicted at the WebX Asia conference that the token could soar 126 times; he attributed this potential to the expanding revenue of the Hyperliquid decentralized exchange and its growing role in the stablecoin market.

Hayes himself confirmed the recent dumping and joked that the profit would be used to pay the deposit for his new Ferrari Testarossa. However, this unexpected exit has sparked widespread speculation in the market. Some investors believe he may be rotating funds into the new Token ASTER. Crypto commentator Yoshitaka pointed out that Hayes is one of the staunchest supporters of HYPE, so his rapid cashing out sent a strong signal.

Others believe this is just a simple profit-taking. Some think that given Hayes's significant influence in the crypto space, this move could serve as a sell signal for retail investors. The next 24-72 hours will reveal whether new buyers will emerge in the market, or whether dumping will further depress the price of the token. It is worth noting that this is not the first time he has made bullish comments while taking different actions with his personal portfolio. Previously, Hayes publicly predicted that the "altcoin season" would arrive, but then sold assets worth over $13 million, including ETH, ENA, and PEPE.

HYPE Price Reaction to Dumping and Technical Analysis

Hayes's dumping behavior immediately triggered a market reaction. CoinMarketCap data shows that the token has fallen by 8.3% in the past 24 hours and is currently trading at $49.9, significantly underperforming the market.

Technical indicators further corroborate the bearish momentum:

· MACD (Moving Average Convergence Divergence) shows a bearish divergence.

· RSI (Relative Strength Index) slides towards the oversold area.

· The price has fallen below the key support range of 52-53 dollars.

Nevertheless, analysts also point out that if buyers return, high trading volume could pave the way for a brief rebound. This decline occurred shortly after HYPE hit a historical high of $53.44, with the Token rising over 1200% from its low at the end of 2024. Furthermore, the fundamentals of the Hyperliquid ecosystem continue to make positive progress, such as Native Markets gaining authorization to manage its USDH stablecoin issuance, highlighting the project's potential long-term value.

Conclusion

Hayes's recent decision to liquidate HYPE tokens once again confirms the disconnect that may exist between "public statements" and actual actions in the crypto market. For retail investors, this phenomenon serves as a reminder that blindly following the words of influential public figures can be dangerous. Although their analyses may be insightful, their personal trading actions are often based on short-term profits and more complex strategies, rather than merely supporting a particular project. Therefore, investors must conduct independent research when making decisions, combining the fundamentals of the project with market dynamics, rather than relying solely on the one-sided words of a "crypto prophet."