Hyperliquid (hype) dumps 12% while Hayes sells stock for Ferrari

According to Hypurrscan, Arthur Hayes has sold more than 96,000 Hype -Tokens on Sunday for $ 4.8 million.

Lookonchain reported That he made $ 823,000 profit on the trade. “Must pay my deposit on the new Rari 849 Testarossa,” said Hayes Sunday.

Ferrari unveiled the new plug-in hybrid in Milan this month, and the 1,036 hp-supercar is expected to start at $ 540,000 for the coupe.

Must pay my deposit on the new Rari 849 Testarossa https://t.co/px7hx0fuk9

– Arthur Hayes (@Cryptohayes) September 21, 2025

Hype has doubled this year

The token dumped around 12% of just over $ 54 to just over $ 47 during Monday morning acting in Asia. Since the beginning of the year, Hype has doubled and reached a record high of $ 59.30 on September 18, in the midst of a lot of hype and shilling of people like Hayes, who also supported Ether.

At the end of August, Hayes came on stage on the Tokyo Web3 conference to state that Hyperliquid has a potential advantage of 126 times, based on rising annual reimbursements.

“This means that he sells all his pile when he gets out of the presentation,” said One observer at the time.

Arthur Hayes (@Cryptohayes) Net sold all 96,628 $ Hype($ 5.1 million) He bought a month ago, making it ~ $ 823k (+19.2%).

During his speech on the webx top on 25 August, he predicted a 126x advantage for $ HypeBut is now out with less than 20% profit.https://t.co/B6Z5x7DOSV pic.twitter.com/69S0ZZIIII

– Lookonchain (@lookonchain) September 21, 2025

Hyperliquid is a decentralized crypto derivative exchange with which speculators can conclude very leverage of eternal contracts on crypto assets. It has risen in popularity lately, with the total value locked.

Hayes made another prediction the weekend observing That the general account of the American treasury (TGA) rose past $ 850 billion earlier this month. “With this liquidity food complete, can only be resumed,” he said.

The theory is that the liquidity used to supplement the TGA would go to markets once the target level was hit.

Other altcoins of pain

Hype is not the only altcoin of pain today. The native token for the Binance rival Dex Aster (Aster) is also trème and has dropped 17% while withdrawing from the all time of Sunday of $ 1.96.

The Solana Memecoin market pump. Fun also saw his native token (pump) on the day, while Cronos (CRO) has dropped 9% for the past 24 hours.

Ether, XRP and Solana all fell around 4%, while Dogecoin, Cardano and Chainlink had larger losses in another market route on Monday morning.

The total loss of market capitalization in the past hours is around $ 80 billion, or 2.2% in the day.