According to Lookonchain, a wallet attributed to Arthur Hayes withdrew 33,978 Hyperliquid (HYPE) tokens worth approximately $2.09 million from Bybit on June 8. Hayes has since denied making any purchase.
The reported transaction carries an implied entry price of approximately $61.50 per HYPE. This comes just four days after Hayes publicly announced that he exited the entire HYPE position at prices above $72.
HYPE drops 23% after Hayes exits, then contested return
Hayes’ exit above $72 was preceded by a roughly 23% decline in HYPE, which fell below $56 in the following days. And I return to him Noisy and close to exit To total hedging and willingness to wait for a better entry point.
Loconchine It identified a recall of 33,978 HYPE from Bybit at an average price of approximately $61.5, linking the address to Hayes through Arkham Intelligence labels.
If accurate, the sequence would describe higher selling and lower buying commerce He was executed while Hayes publicly denied changing his position.
The response left no ambiguity but did not provide any additional context or portfolio information.
Can on-chain data prove he bought?
The credibility of the claim depends entirely on whether the flagged address actually belongs to Hayes. Arkham uses a combination of on-chain data, exchange deposit records, and machine learning to assign wallet labels to known entities.
The platform targets an accuracy rate of 95% or higher for key figures, but this still leaves room for error.
A mislabeled wallet is a plausible finding, and no direct confirmation has emerged linking the address to Hayes.
Arkham’s influencer portfolio tracking has previously come under scrutiny for features that require review after the fact. Without a verified on-chain signature or supporting exchange data, the claim remains unverified.
It was noise Trading at $61.43 At the time of writing, it is up 4.58% over the past 24 hours, with a market capitalization approaching $13.65 billion and ranked 10th in terms of market cap.
Hayes previously earned an A $150 HYPE price target for 2026. Whether he returns to that position remains an open question for now.
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