Arthur Hayes, the Bitmex co -founder who now runs the Venture background of Crypto Maelstrom, sold his personal hyperliquid pump tokens stash only a few weeks after predicting that the asset could meet 126 times.
Ferrari jokes and blockchain receipts
The Blockchain Lookonchain analysis service reported on Sunday that you have downloaded 96,628 Bombo, for a value of approximately $ 5.1 million, reserving a gain of approximately $ 823,000, or 19%, in a month.
Not long after, Hayes confirmed the measure with his irreverence of the registered trademark, publishing in X: “I need to pay my deposit in the new RARI 849 TESTAROSSA.” The comment fed a violent reaction of the merchants who accused him of pumping exaggerations in August before leaving quickly.
Hayes went back on Monday, insisting that the sale was linked to the concerns established by his company. “That is why we leave $ Hype today. But don’t worry, 126x is still possible 2028 is very far,” he wrote.
Maelstrom warns of $ 11.9b supplies unlocks
Today early, Maelstrom published a long publication X that describes what he called Hype’s “first true test.”
As of November 29, 237.8 million exaggeration will begin to acquire linearly for two years, unlocking almost $ 500 million tokens per month. At current prices of around $ 50, that represents $ 11.9 billion of circulation.
The estimated hyperlichid repurchase program could only absorb approximately 17% of that flow, leaving a possible monthly cantilever of $ 410 million. “Does the market have a price on the scale of these unlocks?” Maelstrom asked.
Maelstrom framed the imminent supply clash as a natural for a rapid growth protocol, but warned that large acquired assignments can tempt the first developers and experts to sell. The firm also pointed out that even a great decentralized autonomous treasure (DAT) Offers, such as the increase in the exaggeration of $ 583 million, will not compensate for the unlocking scale.
Still betting on a decentralized binance
The comments contrasted sharply with the publication of the blog of August 27, where he called Hyperlichid a “decentralized binance” and argued that the exaggeration could rise 126x by 2028. That thesis depended on bold assumptions: a market of $ 10 billion stable, hyperliquide capturing an operational participation of binance levels and tariff structures that are maintained in state.
Despite selling his tokens, Hayes reiterated that long -term vision on Monday, describing the next unlock as an obstacle, not a death blow. In his words, “2028 is very far.”
Hyperliquido has increased to become a dominant player in future decentralized perpetuals, and his hype token remains central to governance, bet and distribution of rates. If the market can digest almost $ 12 billion in a new supply, you can determine whether the Hayes prognosis is contained, or too ambitious.
