According to Lookonchain, a wallet attributed to Arthur Hayes withdrew 33,978 Hyperliquid (HYPE) tokens worth approximately $2.09 million from Bybit on June 8. Hayes has since denied making any purchase. The reported transaction carries an implied entry price of approximately $ 61.50 per HYPE. That comes just four days after Hayes publicly stated he had exited his entire HYPE position at prices above $72.

Hayes’ exit above $72 preceded a roughly 23% decline in HYPE, which slid below $56 in the days that followed. He attributed his HYPE and NEAR exit to macro hedging and a desire to wait for a better entry point.

Lookonchain identified a withdrawal of 33,978 HYPE from Bybit at an average price near $61.5, linking the address to Hayes through Arkham Intelligence labels.

If accurate, the sequence would describe a sell-high, buy-lower trade executed while Hayes publicly denied having repositioned.

I didn’t buy shit.

The response left no ambiguity but offered no additional context or wallet information.

The credibility of the allegation depends entirely on whether the flagged address actually belongs to Hayes. Arkham uses a combination of on-chain data, exchange deposit records, and machine learning to assign wallet labels to known entities.

The platform targets an accuracy rate of 95% or higher for major figures, but that still leaves room for error.

A mislabeled wallet is a plausible outcome, and no direct confirmation has emerged linking the address to Hayes.

Arkham’s influencer wallet tracking has previously drawn scrutiny for attributions that required revision after the fact. Without a verified on-chain signature or corroborating exchange data, the claim remains unconfirmed.

HYPE was trading at $61.43 at the time of writing, up 4.58% over the past 24 hours, with a market cap near $13.65 billion and a rank of 10 by market cap.

Hayes has previously held a $150 HYPE price target for 2026. Whether he has re-entered that position remains, for now, an open question.

The post Arthur Hayes Denies $2.09 Million HYPE Buyback: Who Is Telling the Truth? appeared first on BeInCrypto.

Bitcoin price in Telegram @btc_price_every_hour

81 +