BitMex Co-FOUNDER ARTHur Hayes Dumps Hype for a Ferrari, THEN Tells Followers Not to Worry

BitMex Co-FOUNDER ARTHur Hayes Dumps Hype for a Ferrari, THEN Tells Followers Not to WorryThe Maelstrom Cio Claims He Offloaded His Hype Bag to Fund The Purchase of Anew Ferrari, Even As His Firm Warns of Billions in New Token Supply Hitting The Market.Updated Sep 22, 2025, 2:50 PM PUBLISHED SEP 22, 2025, 2:25 PM

Artthur Hayes, The BitMex Co-Funder Who Now Runs Crypto Venture Fund Maelstrom, Sold His Personal Stash of Hyperliquid’s Hype Tokens Just Weeks After Pating.

Ferrari Jokes and Blockchain ReceiptsBlockchain Analytics Service Lookonchain Reported on Sunday that Hayes Unloaded 96.628 Hype – Worth About $ 5.1 Million – Booking A Profit of Roughly $ 823,000, OR 19%.

Not Long After, Hayes ConfirMed the Move With His Trademark Irrevernce, Posting on X: “Need to Pay My Deposit On the New Rari 849 Testarosa.” The Comment Fueled Backlash from Traders Who Acused Him of Pumping Hype in August Before Quickly Exiting.

Hayes Pushed Back On Monday, Insisting The Sale Was Tied to Conceerns Laid Out by His Firm. “This is WHY We Dumped $ Hype Toiday. But Don’T Worry 126X is Still Possible 2028 is a Long Way Off,” He Wrote.

Maelstrom Warns of $ 11.9b Supply UnlocksEarlier Today, Maelstrom Published a Lengthy X Post Outling What It Called Hype’s “First True Test.”

Starting Nov. 29, 237.8 Million Hype Will Begin Vesting Linearly Over Two Years – Unlocking Nearly $ 500 Million of Tokens per MONT. AT CURRENT PRICES OF AROUND $ 50, that Represents $ 11.9 Billion of Suppply Entering Circulation.

The Post Estimated Hyperliquid’s Buyback Program Could Only Absorb About 17% of That Flow, Leaving A Potential $ 410 Million Montthly Overhang. “HAS The Market Priced in the Sheer Scale of TESE UnLOKS?” Maelstrom Asked.

Maelstrom Framed The Looming Supply Shock As Natural for a Fast-Growing Protocol But Warned that Large Vested Allocations May Tempt Early Developers and Insiders to Sell. The Firm Also Noted that Even Large Decentralized Autonomous Treasury (DAT) Deals, Such As Sonnet’s $ 583 Million Hype Raise, Won’t Offset The Scale of the Unlocks.

Still Betting on A Decentralized BinanceThe Remarks Contrasted Sharply with Hayes’s Aug. 27 Blog Post, WHERE HE CALLED HYPERLIQUID A “DECENTRALIZED BINANCE” and ARGUED HYPE COLD CLIMB 126X BY 2028. This thesis Relited on Bold Assumption: a $ 10 Trillion CAPTURING A BINANCE-LEVEL Trading Share, and Fee Structures Holding Steady.

Despite Selling His Tokens, Hayes Reiterated that Long-Term View On Monday, Descripting The Upcoming Unlock as A Hurdle, Not A Death Blow. In his Words, “2028 is a long way off.”

Hyperliquid has suredo to become a dominant player in decentralized perpetual Futures, and its Hype Token Remains Central to Governance, Staking and Fee Distribution. WHETHER The Market Can Digest Nearly $ 12 Billion in New Supple May Determin if Hayes’s Forecast Proves Prescient – or Overly Ambitious.

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