BitMEX founder Arthur Hayes often shares his investment views on cryptocurrency in the community, but are we all actually getting cut? (Background: Arthur Hayes: The Bank of Japan 'needs conditional rate hikes' or restart QE: Bitcoin and risk assets will soar) (Supplementary background: Arthur Hayes's 10 shocking confessions: I actually love gold, pick one between ETH and SOL...) BitMEX founder Arthur Hayes seems to have recently 'fallen in love' with Hyperliquid (HYPE). On May 23, Arthur Hayes posted on X that his target in this bull market might be for 'HYPE's market cap to surpass SOL.' On June 9, taking advantage of Binance.US's post on X explaining Hyperliquid, Arthur Hayes again posted asking CZ about Binance's plan to list HYPE spot and stated: 'Does this mean Binance is about to list HYPE spot?' On June 11, Arthur Hayes updated X again, asking the community if they think 'Hyperliquid's trading volume in this bull market will surpass Binance'? In such a high-frequency 'pump and dump' situation, does Arthur Hayes really believe in HYPE's upside potential? The reality might not be that simple. On June 12, just one day after Arthur Hayes pumped HYPE, Hyperliquid community member @obese.potato.pip discovered some interesting movements on-chain — Arthur Hayes seems to be selling off HYPE. According to @obese.potato.pip's monitoring, a suspected Arthur Hayes address transferred multiple batches of HYPE yesterday, including transferring 73,000 HYPE (about 3 million USD) to Flowdesk, 40,000 HYPE (about 1.64 million USD) to Wintermute, 53,000 HYPE (about 2.2 million USD) to Galaxy, and 55,000 HYPE (about 2.3 million USD) to Gate. Through on-chain data tracing, we located the following address: 0xc32235231d29831a2cb2a11e3f9c7f38160fc1dd. Although mainstream explorers like Etherscan have not marked this address, searching for this address on X shows a lot of content linked to Arthur Hayes, thus there is reason to suspect that this address belongs to Arthur Hayes. Pumping while dumping... Although it sounds a bit 'shameless', this is not the first time Arthur Hayes has done this. On December 21 last year, Arthur Hayes posted on X pumping Ethena (ENA), stating: 'If a DeFi protocol hasn't integrated USDe or sUSDe, it should be out.' However, on the same day, Arthur Hayes's marked address unstaked 9.018 million ENA, then transferred 7 million ENA to Binance (at that time, ENA's price was about 1.21 USD, making the total value of these tokens about 8.47 million USD), and the next day withdrew 7.85 million USDC back from Binance with the same address, completely unabashed dumping. Later, Arthur Hayes also transferred nearly 10 million ENA to CEX like Bybit to dump for profit. Before this, Arthur Hayes had boldly predicted that ENA's price could break 10 USD. Looking back at ENA's historical trend, while Arthur Hayes was 'pumping and dumping', ENA had just regained 1 USD, showing signs of the washout ending and continuing to rise, but the subsequent trend was all the way down, and now has fallen by over seventy percent. This time, HYPE has just broken 40 USD and set a new high, will Arthur Hayes's 'pumping and dumping' operation repeat itself? Related reports: Arthur Hayes: The Bank of Japan 'needs conditional rate hikes' or restart QE: Bitcoin and risk assets will soar. Arthur Hayes's 10 shocking confessions: I actually love gold, pick one between ETH and SOL...

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