Arthur Hayes, BitMEX co-founder and chief financial officer of crypto family office Maelstrom Fund, bought 26,022 HYPE tokens worth about $1.1 million on Saturday, according to data followed by Lookonchain.
Arthur Hayes (@CryptoHayes) bought 26,022 $HYPE($1.1M) again after about three months.
Now he has 247,334 $HYPE($10.44M) and is above $2.5M.https://t.co/BVqcbjKBOc pic.twitter.com/Qu5FgXTbAb
– Lookonchain (@lookonchain) April 11, 2026
His total position now stands at 247,334 tokens worth more than $10 million with unrealized profits above $2.2 million.
HYPE was trading around $41, down about 2% in the past 24 hours, CoinGecko data shows.
Hyperliquid’s common asset layer 1 blockchain has beaten leading crypto assets such as Bitcoin and Ethereum in terms of annual returns.
So far this year, HYPE has jumped nearly 61%, while Bitcoin and Ether are down 18% and 25%, respectively. However, the index has not recovered well, sitting at around 31% below its September all-time low.
Hayes has gotten a bit of HYPE over the past few months. On-chain data shows that a famous investor sold several of his altcoins to buy $1.9 million worth of HYPE in February.
He also publicly expressed his support for Hyperliquid and its ecosystem. In a March blog post, he predicted just that HYPE can hit $150 by August, a five-fold increase from where it traded in early March at around $30.
The comparison, based on Maelstrom’s financial model, showed the project’s continued dominance in the on-chain futures market and its non-significant investment mechanism.
Additionally, a lot of marketing money is invested directly into HYPE purchases, which drives prices higher, according to Hayes.
“No other project in the hands of crypto can bring as much money to token holders as Hyperliquid,” Hayes previously said.
According to DefiLlama dataHyperliquid tops the 24-hour perps trade with $2.6 billion, ahead of Aster’s $1 billion. It also has clear guidance on EdgeX, Aster, and Lighter in 30-day volume.
