Arthur Hayes, a well-known figure in the cryptocurrency market, has reportedly increased his position by purchasing $HYPE, the native token of the Hyperliquid ecosystem.
According to data shared by OnchainLens, Hayes added 20,274 $HYPE to his wallet approximately 5 hours ago. The total value of this purchase is reported to be around $603,000.
With this latest transaction, Arthur Hayes’ total $HYPE holdings have risen to 189,195. According to on-chain data, the current market value of this amount is approximately $5.79 million.
Hayes’s acquisition attracted attention because it came during a period of continued market volatility. In recent weeks, investors have shown increased interest in derivatives markets, DeFi protocols, and next-generation decentralized exchange (DEX) projects. The $HYPE token is among the assets benefiting from this trend.
On the other hand, Arthur Hayes is a name that frequently comes up in the crypto community due to his past comments on market cycles and macroeconomic developments. Therefore, Hayes’ on-chain activities are followed by some investors as an indicator of market sentiment.
Experts remind investors that high-volume wallet activity alone is not sufficient for investment decisions, and that they should pay attention to risk management and market conditions.
*This is not investment advice.