Key Takeaways
A pockets linked to Hayes bought 115,453 HYPE at $54.81, then purchased 85,714 again at $62.69 per token.HYPE hit an all-time excessive of $64.24 on Could 24, 2026, with its 24-hour buying and selling quantity exceeding $1.2 billion.Hayes maintains a $150 HYPE worth goal for August 2026 and nonetheless holds a $38.9M bitcoin lengthy place.
The Buyback That Resolved the Thriller
When onchain monitoring agency Lookonchain flagged {that a} pockets linked to Hayes had deposited 115,453 HYPE value $6.33 million into Bybit on Could 23, the transfer raised questions, particularly as a result of just some weeks earlier, Hayes had just lately made a bullish $150 worth name on the token’s worth (regardless that his pockets exercise advised potential promoting).
That query now has a solution because the deposit was confirmed as a promote at a mean of $54.81 per token. The identical pockets then withdrew 85,714 HYPE (value $5.37 million) from Bybit at $62.69 per token, roughly three hours earlier than the investigation was revealed. In all, Hayes-linked exercise cashed out a bigger place at $54.81 and purchased again a smaller one at roughly $8 extra per token.
In a extensively learn essay revealed earlier this yr, Hayes named Hyperliquid as his highest-conviction place and set a worth goal of $150 for HYPE by August 2026. His outlook hinges on Hyperliquid’s income mannequin, which directs roughly 97% of buying and selling charges towards shopping for again HYPE from the open market, a construction he has argued makes it probably the most capital-efficient token in decentralized finance ( DeFi).
HYPE Rally Provides Context to Hayes-Linked Pockets Exercise
HYPE’s efficiency has since validated a lot of that underlying thesis with the token hitting an all-time excessive of $64.24 on Could 24, whereas the platform processed over $176 billion in 30-day buying and selling quantity with open curiosity surpassing $8 billion. The community generated over $896 million in income over the previous 12 months, inserting it among the many most worthwhile DeFi protocols in operation.
The pockets attributed to Hayes additionally carries a 504.4 BTC lengthy place value roughly $38.9 million and a 57,460 ZEC quick at present at a loss, indicating broad multi-asset publicity throughout the ebook. As with all onchain pockets attributions, the hyperlink to Hayes relies on analyst clustering methodology and has not been confirmed by Hayes himself.
Lastly, for broader context on the HYPE quick panorama, Bitcoin.com Information reported final week {that a} Hyperliquid dealer generally known as Loracle continued to defend a $103 million HYPE quick as costs climbed towards a liquidation stage close to $69.90.
