Key Notes

Hyperliquid’s HYPE token fell 10%, erasing $1.7 billion in market value.

Hayes sold his entire $5.1 million HYPE stake for a reported Ferrari purchase.

He insists a 126x price surge by 2028 is still possible despite the sell-off.

Hyperliquid’s native token, HYPE HYPE $48.67 24h volatility: 8.0% Market cap: $13.17 B Vol. 24h: $905.79 M , faced a steep 10% drop on Sept. 22, wiping more than $1.7 billion off its market cap in the past day. This decline comes as BitMEX co-founder Arthur Hayes liquidated his entire HYPE position , 96,628 tokens worth about $5.1 million.

This sell-off comes only a month after Hayes publicly forecasted a 126-fold price surge over the next three years.

On Sept. 21, LookOnChain revealed Hayes netted roughly $823,000 i

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