Arthur Hayes Says He Sold HYPE Holdings To Buy a Ferrari
Arthur Hayes, the influential co-founder of the cryptocurrency platform, has sold all of his Hyperliquid’s native token, HYPE, to pay for his dream car, a lovely Ferrari 849 Testarossa. This is a shocking admission that shows he knows a lot about crypto and loves to indulge in high-octane activities.
The move, which made Hayes a nice profit of about $823,000, a respectable 19.2% return, shows how unpredictable the rewards can be in the crypto world. One day’s gains can pay for a garage upgrade the next day. Blockchain analytics platforms observed the transaction on September 21, which showed Hayes tradeing his HYPE positions as the token’s value dropped.
HYPE has 8.1% in the last 24 hours and was trading at about $49.48 that day. But this transaction happens at a time when the asset is growing very rapidly. HYPE begined at just $6.51 in late November and has already risen an incredible 660% in value. This shows how rapidly decentralized financial platforms like Hyperliquid are changing.
The Sale and the Supercar Spending Spree
Hayes was very clear about why he was doing it when he wrote in a public post, “Need to pay my deposit on the new Rari 849 Testarossa.” What did he love? A perfect Ferrari 849 Testarossa, a vintage car from the 1980s that has been updated with modern style, is today worth up to $590,000.
Hayes has been interested in luxury before; the former Wall Street trader who became a crypto pioneer has long been a symbol of the industry’s mix of risk-taking and excess.
By tradeing out now, he’s putting his money on real things instead of digital speculation, at least for now. He has enough money to cover the down payment and then some. Hyperliquid, the decentralized derivatives platform that powers HYPE, has been a leader in the DeFi field. According to surveillance data, its trading volumes have shot up from a small $560 million in ahead August to a high of $3.4 billion on August 24.
This rise shows that more and more investors want to trade on-chain perpetual futures, where Hyperliquid’s low fees and quick execution really stand out. Hayes has been a large supporter of , even saying at the WebX 2025 conference in Tokyo that it might grow by 126 times in the next three years.
He says this might happen because fiat currency is losing value and the stablecoin market is growing rapidly. This could make Hyperliquid’s annualized fees go from $1.2 billion to an incredible $255 billion.
Hayes’ largeger Picture of Crypto
is sticking to his bullish crypto predictions as this HYPE departure happens. He just said that the markets are ready for an “up only” period, and he pointed to the U.S. Treasury’s upcoming $850 billion General Account filling as a reason for this.
“Now that this liquidity drain is over, up only can begin again,” he said, looking at BTC’s rise to $250,000 by the end of the year. Hayes is used to making predictions like these. In an interview in June, he said that he didn’t care about past mistakes: “People don’t want to do it, but it doesn’t really matter in the end.”
The crypto community, always on the lookout, has noticed. Observers on platforms like X underline the importance of on-chain openness above hyperbole and tell their followers to follow whales like Hayes for real-time information. His legacy at BitMEX, where he was one of the first to offer leveraged trading during the ahead boom, gives weight to every move.
But this Ferrari flex is a reminder that even prophets of digital gold want to hear the roar of a V12 engine. It’s not certain if Hayes will go back to HYPE, but his actions show how much crypto has grown up. As DeFi platforms like Hyperliquid take on large companies, people like Hayes keep bringing together programming and fashion, showing that riches aren’t just made, they’re driven.
