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- Arthur Hayes has bought another 26,022 HYPE for about $1.1 million, his first purchase of the brand in about three months.
- This new purchase takes its HYPE stock to about 247,334 tokens worth about $10.44 million, while Bitwise continues to improve its Hyperliquid ETF portfolio.
Arthur Hayes they are also buying HYPE. According to Lookonchain imagesThe former head of BitMEX added 26,022 HYPE on Thursday, spending about $1.1 million which marks his first purchase of the token in almost three months. The sale pushes his total position to 247,334 HYPE, worth about $ 10.44 million, with unrealized profits now exceeding $ 2.5 million.
Hayes returns to HYPE after a three-month hiatus
Time is known. Hayes has been under intense scrutiny for years because his trades, especially in high-value beta cryptos, are often magnetized. A new purchase after a long hiatus can be counted as an impulse rather than a resurgence.
Onchain data cited in the market update shows a recent transfer involving 26,022.42 HYPE at a price of $42.25 per token. Those are not small additions. It’s a meaningful addition to an already large space.
For Hyperliquid, optics are required. HYPE has become one of the strongest names in crypto in the last year, thanks to the proliferation of futures protocols and onchain trading tools. Hayes’ addition only furthers the market’s case.
The momentum of the ETF makes the trade another phase
Shopping also comes as Bitwise edge close to launching Hyperliquid ETF. The listing has yet to be completed, but the recent addition of a ticker and interest rate control to Bitwise’s revised paper has fueled hopes that implementation may not be far off.
This makes Hayes’ move even bigger. It’s not a power-hungry whale. It’s a bullish show where ETF risk is starting to look better.
In crypto, this combination is important. A high-end buyer can change their mind for one day. A potential ETF can change all businesses. With everything at stake, HYPE is starting to look like a niche protocol token and an asset that the market hopes will continue to climb the ladder.
