Arthur Hayes, the co-founder of Bitmex who now directs the Crypture Venture Fund Maelstrom, sold his personal hiding place for hyperliquid media tokens just a few weeks after the forecast of the 126-year forecast.
Ferrari jokes and blockchain received
The Lookonchain blockchain analysis service reported on Sunday that Hayes had unloaded 96,628 media threshing – worth around $ 5.1 million – reserving a profit of around $ 823,000, or 19%, in a month.
Shortly after, Hayes confirmed this decision with its brand irreverence, publishing on X: “need to pay my deposit on the new Rari 849 Testarossa.” The commentary fueled the backlash of traders who accused her of pumping media threshing in August before going out quickly.
Hayes pushed back on Monday, insisting that the sale was linked to the concerns exposed by his business. “This is why we have thrown a media threw today. But don’t worry, 126x is still possible that 2028 is far,” he wrote.
Maelstrom warns of $ 11.9 billion in offering the offer
Earlier in the day, Maelstrom published a long post X describing what he called the “first true test” of Hype.
From November 29, 237.8 million media will begin to acquire linearly over two years – unlocking nearly $ 500 million in chips per month. At current prices of around $ 50, which represents $ 11.9 billion in circulation.
The Estimated Post hyperliquid program could only absorb 17% of this flow, leaving a monthly overhang of potential $ 410 million. “Has the market assessed at the scale of these unlocking?” Asked Maelstrom.
Maelstrom has developed the imminent and natural supply shock for a rapid growth protocol, but warned that major benefits in force can try the first developers and initiated to sell. The company also noted that even a large decentralized autonomous treasure (Dat) The offers, such as the increase in the threshing media of $ 583 million from Sonnet, will not compensate for the unlocking scale.
Always betting on a decentralized binance
The remarks were contrasting strongly with the blog post of August 27 of Hayes, where he described the hyperliquid of “decentralized binance” and argued that the beateering could increase 126x by 2028. This thesis was based on daring hypotheses: a stable market of $ 10 billion, the holding of hyperliquid.
Despite the sale of his tokens, Hayes reiterated this long -term view on Monday, describing upcoming unlocking like an obstacle, not a death kick. In his words, “2028 is far away.”
Hyperliquid has increased to become a dominant actor in the decentralized perpetual future, and his threshing token remains at the heart of governance, jalitude and the distribution of costs. Whether the market can digest nearly $ 12 billion in new supplies can determine whether Hayes forecasts prove to be premonitory – or too ambitious.
