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- Arthur Hayes purchased another 26,022 HYPE for approximately $1.1 million, his first token purchase in nearly three months.
- The new purchase brings its holdings of HYPE to approximately 247,334 tokens worth approximately $10.44 million, while Bitwise continues to grow its Hyperliquid ETF portfolio.
Arthur Hayes Buy HYPE is back. according to Loconchinethe former BitMEX boss added another 26,022 HYPE on Thursday, spending around $1.1 million in what represented his first new token purchase in nearly three months. This trade pushes his total position to 247,334 HYPE, worth approximately $10.44 million, with unrealized gains now said to be over $2.5 million.
Hayes returns to HYPE after a three-month hiatus
The timing is notable. Hayes has been closely watched for many years because his trades, especially in crypto assets with a higher beta level, often serve as a magnet for signaling and speculation. Renewed buying after a fairly long pause is likely to be read as conviction rather than an accidental rebalancing.
Onchain data mentioned in the market update shows that the last transfer involved 26,022.42 HYPE at a price of around $42.25 per token. This is not a trivial addition. It’s a meaningful increase to an already large position.
For a superfluid, optics are important. HYPE has been one of the strongest names in the cryptocurrency space over the past year, thanks to the protocol’s growing profile in perpetual futures and its broader on-chain trading infrastructure. Adding Hayes back sharpens the market narrative.
ETF momentum gives the trade another layer
Purchase also comes Bitwise is close to launching its Hyperliquid ETF. That filing process is still incomplete, but the recent addition of ticker and management fees in Bitwise’s amended paperwork has heightened expectations that a launch may not be far away.
This gives Hayes’ move a broader context. It’s not just Pisces buying power. It’s increased exposure to the whale as the potential ETF envelope begins to become more tangible.
In the world of cryptocurrencies, this combination tends to matter. A prominent Jupiter can stir up emotions for a day. A potential ETF could change your entire investor base. With both now in place, HYPE is starting to look less like a niche protocol token and more like an asset that the market expects to continue climbing the institutional ladder.
