- Arthur Hayes exited HYPE with a $823K profit after a month, sparking volatility as the token slid but long-term gains remain strong.
- Despite short-term losses of over 9% in one day, HYPE shows resilience with 203% gains in six months and 413% growth in a year.
- Diverging sentiment across Binance and OKX shows traders split, yet strong volumes and higher lows support a bullish long-term view.
Arthur Hayes, co-founder of BitMEX, has shaken the HYPE community with a surprising move. He sold all 96,628 HYPE tokens worth $5.1 million that he had bought just a month ago. The sale earned him a profit of roughly $823,000, or 19.2%. This exit stands in sharp contrast to his earlier statement at the WebX Summit, where he predicted a 126x upside for HYPE.
The Hyperliquid token’s trading data adds further complexity. According to Coinglass, prices slid from $53.39 to $48.70 within hours, forming a bearish pattern. Short-term returns fell sharply, with a 1.72% drop over four hours and a 9.07% loss within one day.
Weekly performance confirmed the pressure, showing a 9.22% decline. However, longer timeframes tell a different story. HYPE has gained 7.54% in 30 days, 27.10% in 90 days, and an impressive 203.73% over six months. Year-to-date performance remains strong at 104%, while annual gains stand at 413.75%.
Besides price action, derivatives data from Binance and OKX shows diverging sentiment. Binance long-short ratios hover near 1.9, suggesting moderate bullishness. Meanwhile, OKX accounts hold a stronger long bias, with ratios above 2.6. Market sentiment, therefore, remains mixed across platforms. Moreover, trading charts reveal key support and resistance zones forming as price consolidates near $48.70.
Community Believes in Long-Term Upside
Despite Hayes’ sudden exit, some analysts remain bullish. Market watcher Nigma stated, “$HYPE will reign supreme soon enough except this time, it’ll send to $100: mark my words.”
His analysis shows HYPE’s rally from $35 to $60 over several months, supported by higher lows, strong trendlines, and heavy trading volumes. Additionally, institutional and retail participation has driven consistent demand, keeping the overall structure bullish.
Hence, the token may enter a consolidation phase before deciding its next direction. Elevated volumes suggest strong market engagement despite short-term volatility.
HYPE’s volatility reflects growing pains of an emerging token. While Hayes exited with modest gains, broader market data still signals strong long-term potential.
