Arthur Hayes denied buying HYPE after reports claimed he re-entered the token days after selling his entire position near the top.
Author: Akshat Thakur
8th June 2026 – On-chain trackers say Arthur Hayes quietly bought back HYPE days after dumping his entire bag near the top. According to Lookonchain, a wallet linked to Hayes pulled 33,978 HYPE, worth about $2.09 million, off Bybit on June 8. Hayes denies it.
High Signal Summary For A Quick Glance
Nay
@gmnay_
@lookonchain @CryptoHayes you guys should be able to tell the difference between a clear mm/otc desk deposit wallet and Arthur Hayes by now
Arthur Hayes(@CryptoHayes) just bought back 33,978 $HYPE($2.09M)! 4 days ago, he posted that he dumped his entire $HYPE to take profit when the price was above $72. $HYPE then dropped ~23% to below $56. 40 minutes ago, a wallet linked to #ArthurHayes withdrew https://t.co/umxyHLp9Vm
03:33 AM·Jun 8, 2026
The Red Dragon
@reddragon95122
@lookonchain @CryptoHayes @CryptoHayes is a clown 🤡 who cares what he does . He just shills you coins that he already has just to dump on you
Arthur Hayes(@CryptoHayes) just bought back 33,978 $HYPE($2.09M)! 4 days ago, he posted that he dumped his entire $HYPE to take profit when the price was above $72. $HYPE then dropped ~23% to below $56. 40 minutes ago, a wallet linked to #ArthurHayes withdrew https://t.co/umxyHLp9Vm
03:33 AM·Jun 8, 2026
mooie
@Mooie_89
@lookonchain @CryptoHayes Dude is a straight clown 🤡 Get your shorts ready!
Arthur Hayes(@CryptoHayes) just bought back 33,978 $HYPE($2.09M)! 4 days ago, he posted that he dumped his entire $HYPE to take profit when the price was above $72. $HYPE then dropped ~23% to below $56. 40 minutes ago, a wallet linked to #ArthurHayes withdrew https://t.co/umxyHLp9Vm
01:49 AM·Jun 8, 2026
High attention and emotional sentiment detected.
The alleged Arthur Hayes HYPE buyback landed roughly 23% below where he sold. That timing is exactly why the claim spread within hours. To understand the friction, you have to start with the sale that set it up.
Hayes announced the exit himself on June 4 at 05:49 GMT. He posted that he had dumped his entire HYPE and NEAR position. He blamed higher energy prices and teased an essay called “Reality Test.”
About four hours later, Lookonchain confirmed the move on-chain. A linked wallet sold 247,334 HYPE for roughly $18.02 million. At the time, the price sat above $72.
Then the drop came. HYPE fell about 23% over the next day, hitting a low of $56.71 on June 5. So the timing of the sale looked sharp, almost too sharp for some observers.
You can read the original sell announcement directly on Hayes’s account. Lookonchain’s matching on-chain report is here.
The new claim is the reversal. On June 8 at around 01:09 GMT, a wallet tied to Hayes withdrew exactly 33,978 HYPE from Bybit. Lookonchain flagged it about 40 minutes later.
That haul was worth $2.09 million. Back out the math, and it implies an entry near $61.52 per token. In other words, the wallet re-entered well under the price where Hayes sold.
The numbers also match the original sell thread almost too neatly. As a result, the “sold high, bought back low” framing took off across X. You can see the buyback report on Lookonchain’s post.
Then Hayes shut it down. At 03:21 GMT on June 8, he replied to the buyback chatter with four words: “I didn’t buy shit.”
That denial matters because the wallet is only “linked to” him, not proven as his. Trackers attribute it, but Hayes rejects the conclusion outright. So the on-chain story and the man himself now openly disagree.
His stance is not entirely simple, though. On June 5, Hayes said he still believes HYPE will beat Solana by year-end. According to that post, selling the bag did not kill his long-term conviction.
Timeline of Arthur Hayes’ Full HYPE Journey (2025–2026)
Arthur Hayes emerges as one of Hyperliquid’s most prominent supporters, publicly promoting $HYPE and outlining an extremely bullish long-term thesis. During this period he predicts outsized upside potential for the token while building a substantial position through Maelstrom-linked wallets.
Hayes sells his entire stack of approximately 96,628 HYPE for around $5.1 million, locking in roughly $823,000 in profit. He jokes publicly that the proceeds are intended for a Ferrari deposit while maintaining that his long-term outlook on Hyperliquid remains positive.
Maelstrom publishes commentary highlighting risks tied to future token unlock schedules and potential supply pressure. Despite the concerns, Hayes does not abandon the project and continues monitoring the ecosystem.
A wallet linked to Hayes purchases approximately 26,022 HYPE worth about $1.1 million. This marks the first publicly observed accumulation after months of relative silence following the September 2025 exit.
Additional purchases increase Hayes’ exposure to roughly 247,334 HYPE. The position becomes one of the most closely watched holdings among Hyperliquid supporters due to Hayes’ influence and public conviction.
Hayes publicly declares that new all-time highs are near and argues that $150 HYPE is far more achievable than many investors believe. The statement reinforces his position as one of the token’s highest-profile bulls.
Hayes labels HYPE, ZEC, and NEAR as his “holy trinity” of crypto investments, signaling that Hyperliquid remains a centerpiece of his portfolio and macro outlook.
Hayes doubles down on his conviction by predicting $HYPE could reach $150 and publicly challenges Kyle Samani to a $100,000 charitable bet that HYPE will outperform every other top-10 crypto asset by year-end.
Hayes continues promoting Hyperliquid through contests, memes, and community engagement tied to the public performance bet, further reinforcing his bullish stance while HYPE trades near record highs.
Hayes reveals that he has completely exited both his HYPE and NEAR positions. He cites macroeconomic concerns including higher energy prices, AI IPO activity, inventory restocking pressures, and expectations that crypto markets may peak before September.
On-chain activity linked to Hayes shows the sale of approximately 247,334 HYPE worth around $18 million. The transaction becomes one of the largest publicly tracked HYPE exits and immediately attracts market attention.
Following the exit and broader market weakness, HYPE falls from highs above $75 to lows around $56.71. Critics accuse Hayes of calling for $150 HYPE only days before selling his entire position.
Hayes responds to criticism by stating that exiting his position does not mean he has lost confidence in Hyperliquid. He reiterates that he still believes HYPE can outperform Solana by the end of the year, arguing that temporary downside can create stronger future upside.
A wallet linked by multiple blockchain analysts to Hayes withdraws approximately 33,978 HYPE worth around $2.09 million from Bybit. The purchase occurs near $61.50 per token, roughly 23% below his June 4 exit price.
Blockchain analytics accounts publicize the transaction, characterizing it as Hayes returning to the trade only four days after selling his entire position near the top.
Responding publicly to reports, Hayes states: “I didn’t buy shit.” Despite the denial, analysts continue linking the wallet activity to previously identified Maelstrom-associated flows.
The observed June 8 accumulation represents roughly 14% of the size of Hayes’ June 4 sale. Whether this marks the start of a larger re-entry or merely a tactical trade remains unclear, but it continues the pattern that has defined Hayes’ HYPE involvement since 2025: strong conviction, aggressive exits, and opportunistic re-entries.
Two addresses drive this story. The sell wallet, 0xab3FC22f04A12d624cD81923f4Ca64e28C089532, moved the original 247,334 HYPE.
The buyback wallet starts 0xf7A4D9c590A860f17D0305DaB74 and carries an Arkham label reading “Arthur Hayes?” That question mark is doing a lot of work. It received the 33,978 HYPE straight from a Bybit hot wallet.
HYPE is native to the Hyperliquid L1, so it does not live on Ethereum as an ERC-20. Because of that, trackers lean on Arkham and Hyperliquid-native explorers like hypurrscan.io. You can inspect the sell wallet on Arkham.
On-chain trackers do not have a name tag for every wallet. Instead, they cluster addresses by behavior. They watch repeated deposits and withdrawals at exchanges like Bybit, then match the pattern to known activity.
For Hayes, that pattern has built up over months. As a result, Lookonchain and Arkham both treat the link as high-confidence. Still, high-confidence is not the same as confirmed self-custody.
That gap is the whole debate. The labels say “linked to,” the subject says no, and outsiders cannot fully settle it. So readers should treat the Arthur Hayes HYPE buyback as reported, not proven.
Hayes has flipped on HYPE before. He turned bullish in 2025, predicted $150, and grouped it with ZEC and NEAR as a “holy trinity.”
Then he sold roughly $5.1 million of HYPE in September 2025, reportedly to buy a Ferrari. After that, he re-accumulated, bought 26,000 HYPE in April 2026, and held 247,334 by early June.
So the market reads his posts as live trading signals. That history is why a single linked withdrawal turned into a same-day narrative. Hayes, BitMEX co-founder and Maelstrom CIO, moves HYPE sentiment whether he intends to or not.
The reaction on X broke into two camps fast. Some traders mocked the timing and the optics. As one put it, “Dude is a straight clown, get your shorts ready.”
Others read it as plain risk management. They praised the move as buy low, sell high, and nothing more. A common refrain was simple respect for taking profit, then re-entering lower.
A third group landed somewhere in between. According to one researcher, Hayes “really” looked like he was “trading his own tweets now.” Trading volume stayed elevated through both days, often above $700 million in 24 hours.
For now, the data and the denial sit side by side, unresolved. HYPE traded around $59 to $61 on June 8, still down roughly 17% from its June 2 high near $75.48.
Major outlets like CoinDesk and The Block have not published dedicated buyback coverage yet, since the story is only hours old. Meanwhile, the wider question stays open. Is 33,978 HYPE a full re-entry, a partial nibble, or someone else entirely?
Watch for two things next. First, whether the Arkham label firms up or quietly drops the question mark. Second, whether Hayes addresses the timing in his promised “Reality Test” essay. This article is not financial advice, and on-chain attribution can be wrong.
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