Original title: (Arthur Hayes's words are deceiving: he is nurturing while offloading)
Original author: Azuma, Odaily Planet Daily
BitMEX founder Arthur Hayes seems to have recently 'fallen in love' with Hyperliquid (HYPE).
· On May 23, Arthur Hayes stated in a post on X that his target in this bull market might be for 'HYPE's market cap to surpass SOL.'
· On June 9, while Binance.US was posting about Hyperliquid on X, Arthur Hayes again inquired whether CZ Binance would list HYPE spot trading, stating: 'Does this mean Binance is about to list HYPE spot?'
· On June 11, Arthur Hayes updated X again, asking the community whether they believe 'Hyperliquid's trading volume in this bull market will surpass Binance'?
With such high-frequency 'nurturing', does Arthur Hayes truly have such faith in HYPE's growth potential? The reality may not be so simple.
· On June 12, just a day after Arthur Hayes promoted HYPE, Hyperliquid community member @obese.potato.pip discovered some interesting movements on-chain—Arthur Hayes seems to be selling HYPE.
According to @obese.potato.pip's monitoring, it is suspected that Arthur Hayes's address transferred out multiple batches of HYPE yesterday, including sending 73,000 HYPE (about $3 million) to Flowdesk, 40,000 HYPE (about $1.64 million) to Wintermute, 53,000 HYPE (about $2.2 million) to Galaxy, and 55,000 HYPE (about $2.3 million) to Gate. Through on-chain data tracing, we identified the following address: 0xc32235231d29831a2cb2a11e3f9c7f38160fc1dd.
Although mainstream browsers like Etherscan did not mark this address, searching for it on the X platform reveals numerous connections to Arthur Hayes, providing reason to suspect that this address belongs to Arthur Hayes.
While nurturing and 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 promoting Ethena (ENA), stating: 'If a DeFi protocol has not integrated USDe or sUSDe, it should exit.'
However, on the same day, Arthur Hayes's tagged address released 9.018 million ENA from staking, then transferred 7 million ENA to Binance (at that time, ENA was priced around $1.21, making these tokens worth approximately $8.47 million). A day later, he withdrew 7.85 million USDC from Binance using the same address, clearly dumping the assets without disguise. Afterward, Arthur Hayes also transferred nearly 10 million ENA to exchanges like Bybit to profit from the dump.
Before this, Arthur Hayes had boldly predicted that the price of ENA could surpass $10.
Looking back at ENA's historical trend, when Arthur Hayes was 'nurturing while dumping', ENA had just regained the $1 mark, showing signs of a potential upward movement after a washout. However, the subsequent trend has been downward, and it has now dropped by over 70%.
This time, HYPE has just surpassed $40 and set a new high. Will Arthur Hayes's 'nurturing while dumping' strategy repeat itself?
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