Arthur Hayes Don Dump $5M HYPE Before $11.9B Unlock Wave
Arthur Hayes, di former BitMEX co-founder, don sell all di 96,628 HYPE tokens (≈$5.1M) for Sept. 21, make 19% profit to pay Ferrari deposit. Di on-chain sale, wey Lookonchain confirm, cause yawa because Hayes recently talk say HYPE go rally 126×. Him Maelstrom fund dey warn about one big unlock of 237.8 million HYPE tokens wey go start Nov. 29. For two years, dis go add about $11.9 billion new tokens (≈$500 million every month). Hyperliquid buyback dey soak only 17% of di new HYPE tokens, traders fit face $410 million monthly overhang. Hayes yarn say na just small test before big growth come.
Bearish
Di announcement say big big 237.8 million HYPE token unlock wey go add about $11.9 billion new supply for two years dey cause big short-term sell pressure. Hyperliquid buyback fit only absorb 17% of fresh tokens, e mean say monthly overhang dey around $410 million. Plus the insider profit-booking wey Arthur Hayes do, traders fit expect say price go dey go down for HYPE soon. Even though di long-term 126× forecast still yes, di current market matter point to bearish pressure for HYPE token.