Arthur Hayes, also known as "The Crypto Black Swan," may not always be trustworthy with his price predictions, but his actual trading actions are indeed worth studying by retail traders.

As the most well-known market oracle in the industry, although Arthur Hayes is always bullish in the long run, he is never hesitant to sell when it's time to sell, even if it means disregarding the reputations of other industry heavyweights. He would pump and dump at the same time—refer to "When Arthur Hayes Suddenly Dumps the Coin You Bought, Be Cautious."

Hasu, the Strategic Director of Flashbots, once commented on Arthur Hayes, saying, "If you got any long-term signals from Arthur Hayes, I really don't know what to tell you. He is one of the purest traders in this market."

HYPE—"Although I Saw 126x, I'll Just Take 15%"

A recent example is Hyperliquid (HYPE).

On August 25, Arthur Hayes gave a speech in Japan at WebX, pumping HYPE, a token that still had the potential to surge by up to 126x—the price of HYPE was around $45.9 at the end of that day.

Who would have thought that in less than a month, on the day after HYPE hit a new all-time high, Arthur Hayes sold 96,600 HYPE tokens, cashing out around $5.1 million—selling at an average price of $52.8, which was only a 15% increase from the price when Arthur Hayes predicted a 126x gain...

Subsequently, Arthur Hayes' family office, Maelstrom, released their rationale for selling HYPE: HYPE is about to face its real test. Starting from November 29, 2025, 237.8 million HYPE tokens will begin to unlock linearly over 24 months. At $50 per token, this equates to a $11.9 billion team unlock, with nearly $500 million in tokens entering the market each month. The analysis indicates that the current buyback ability can only absorb about 17% of the unlocked tokens, leaving an excess supply of around $410 million per month. The token unlock is a potential "Sword of Damocles."

Arthur Hayes jokingly mentioned that the market crash was to pay a deposit for the Rari 849 Testarossa supercar, saying, "A 126x is still possible, but 2028 is a long way off..."

You can't help but be amazed by Arthur Hayes's audacity, but you also can't help but agree with his impeccable timing to exit the market.

On the day Arthur Hayes sold, not only had HYPE just hit an all-time high, but the Perp DEX sector's heat was also constantly rising, becoming the industry-level main narrative of the current stage. However, since Arthur Hayes's sell-off, HYPE has rapidly declined along with the overall market, currently trading at $44.18 at the time of writing, even falling below the price when Arthur Hayes mentioned the 126x expectation.

ETHFI - "This is the true value capture. Oh, suddenly listed on Upbit..."