HYPE Takes a Dive, Hayes Flips for a Ferrari – Who Knew Crypto Was a Car Ride?

by

Arthur Hayes, that charming mastermind of the blockchain broadsides, decided Sunday was the perfect day to let go of over 96,000 HYPE tokens-roughly $4.8 million worth, no less-just to fund his new Ferrari fantasies. Well, wouldn’t you know it, he pocketed a tidy $823,000 profit, enough to make even the most stoic banker crack a smile. When asked about his sudden urge to splurge, Hayes cheerfully announced, “Need to pay my deposit on the new Rari 849 Testarossa.” Excellent choice, if I do say so myself-nothing says ‘subtle’ like a $540,000 red bullet, eh? 🚗💸

Meanwhile, ladies and gentlemen, in the high-stakes world of giggles and gasps, HYPE recently plummeted about 12%, dropping from just over $54 to a mere $47 during Monday’s Asian market chaos. But don’t cry for HYPE too much; it’s doubled since the year began and reached a dizzying high of $59.30 right in the midst of the ‘Hype-a-thon’-a phenomenon fueled, no doubt, by Hayes and his band of merry shills, including his raving endorsement of Ether. Because what’s life without a little pump and dump with a side of hyperbole? 😎

“This means he’s selling his whole stack the moment he steps down from the presentation,” quipped an astute observer, nervously clutching their popcorn.

Hayes, the maestro, just offloaded all 96,628 HYPE tokens-worth about $5.1 million-making a modest $823K profit. Back in August, he boasted of a 126-fold upside for HYPE, but now he’s out with less than a 20% gain. Talk about a rollercoaster! 🎢

Hyperliquid, the decentralized darling for leverage-happy crypto gamblers, has been the talk of the town, swelling in value and attracting all the speculators with dreams of riches. Hayes also dropped a prediction about the US Treasury’s TGA, which gulped past $850 billion, hypothesizing that liquidity would flood into markets once the drain was complete-just in time for a wild ride, presumably. Because nothing screams stability like a liquidity drain with a side of market speculation, right? 💼💥

Other Altcoins Join the Chicken Dance

HYPE isn’t alone in the misery memo; Aster (ASTER), Binance’s rival DEX, also decided to take a tumble of 17% from its recent all-time high of $1.96, as if in a rush to hit rock bottom. Meanwhile, Pump.fun’s meme coin (PUMP) shed 15%, and Cronos (CRO) dropped 9%, because what’s a crypto morning without a bit of blood-letting? Ether, XRP, Solana-they all suffered about 4%, while Dogecoin, Cardano, and Chainlink suffered more grievous fates with double-digit losses. The total market plunged around $80 billion-because nothing says ‘fun’ like losing 2.2% of your market cap before breakfast. ☠️

Read More

2025-09-22 10:00