Bitmex co-founder Arthur Hayes sells hype to fund Ferrari purchase, standing by 126x forecast
Arthur Hayes, Bitmex’s co-founder who now runs the Crypto Venture Fund Maelstrom, selling his personal stash of Hyperliquid’s Hype token just weeks after predicting the property could rally 126-fold.
Ferrari jokes and blockchain receipts
BLOCKCHAIN ANALYTICS SERVICE LOOKONCHAIN reported Last week Hayes removed 96,628 hype – costs about $ 5.1 million – booked a revenue of approximately $ 823,000, or 19%, a month.
Soon, hayes confirmed Moving with his trademark Irreverence, posting to X: “My deposit has to pay for the new Rari 849 Testarossa.” The comment filed a backlash from entrepreneurs who accused him of pumping hype in August before he quickly came out.
Hayes pUshed back On Monday, the sale was tied to the concerns laid by his firm. “This is why we threw $ hype today. But don’t worry 126X is still possible 2028 is far away,” he wrote.
Maelstrom warns of $ 11.9B supply unlocked
Earlier today, Maelstrom published a long X post Described the so -called Hype’s “First True Test.”
Starting November 29, 237.8 million hype will begin to invest in succession for two years -unlocking about $ 500 million of tokens per month. At the current prices of nearly $ 50, representing the $ 11.9 billion of supply entering the circulation.
The estimated hyperliquid purchase program can only absorb almost 17% of that flow, leaving a potential of $ 410 million monthly overhang. “Does the market prize to the thin size of these unlocked?” Asked Maelstrom.
Maelstrom framed the emerging shock of supply as natural for a rapidly growing protocol but warned that large vested allocations could tempt early developers and insider to sell. The firm also noted that even the great decentralized autonomous wealth (That) Deals, such as the $ 583 million hype sonnet increase, will not be able to offset the size of the unlocked.
Still bet on a decentralized binance
Comments are very different from Hayes’s August 27 Blog post.
Despite the sale of his tokens, Hayes reiterated that the long-term perspective on Monday, describing the upcoming unlock as an obstruction, not a blow to death. In his words, “2028 is a long way.”
Hyperliquid has emerged to become a dominant player in the decentralized ongoing future, and its hype token remains the center of management, distribution and distribution of charge. If the market can melt nearly $ 12 billion in the new supply can determine whether Hayes’ forecasts prove prescient – or extremely ambitious.
