Arthur Hayes Sells ¥750 Million Worth of HYPE Tokens, But Why?

It has been revealed that Arthur Hayes, a renowned cryptocurrency analyst, has sold all of his personally held Hyperliquid's HYPE tokens. Blockchain analytics service Lookonchain reported on the 21st that Hayes sold 96,628 HYPE, approximately worth $5.1 million (¥750 million), making a profit of about $823,000 (¥121.5 million, 19%) within a month. On August 25th, at the major Web3 conference 'WebX' held in Tokyo, Hayes mentioned that HYPE could potentially increase up to 126 times its current value over the next few years.