Arthur Hayes's mouth is a lie: he is milking and shipping at the same time

While exploding with HYPE, Arthur Hayes is suspected to be selling quickly, and this is not the first time such an operation has happened.

Author: Azuma, Odaily Planet Daily

BitMEX founder Arthur Hayes seems to have recently fallen in love with Hyperliquild (HYPE).

Arthur Hayes's mouth is a lie: he is milking and shipping at the same time

On May 23, Arthur Hayes wrote on X that his goal in this bull market may be "HYPE's market value surpasses SOL."

On June 9, while Binance.US published an article on X to popularize Hyperliquid, Arthur Hayes once again wrote to CZ to ask about Binance’s plan to launch HYPE spot and said: “Does this mean that Binance will soon launch HYPE spot?”

On June 11, Arthur Hayes updated X again, asking the community whether they thought "Will Hyperliquid's trading volume surpass Binance in this bull market?"

In such a high frequency of "milk explosion", does Arthur Hayes really believe in the rising potential of HYPE? The truth may not be that simple.

On June 12, just one day after Arthur Hayes supported HYPE, Hyperliquid community member @obese.potato.pip discovered some interesting movements on the chain - Arthur Hayes seemed to be selling HYPE.

Arthur Hayes's mouth is a lie: he is milking and shipping at the same time

According to @obese.potato.pip’s monitoring, the suspected Arthur Hayes address transferred multiple HYPEs yesterday, including 73,000 HYPEs (about 3 million US dollars) to Flowdesk, 40,000 HYPEs (about 1.64 million US dollars) to Wintermute, 53,000 HYPEs (about 2.2 million US dollars) to Galaxy, and 55,000 HYPEs (about 2.3 million US dollars) to Gate.

By tracing the on-chain data, we located the following address: 0xc32235231d29831a2cb2a11e3f9c7f38160fc1dd.

Arthur Hayes's mouth is a lie: he is milking and shipping at the same time

Although mainstream browsers such as Etherscan have not marked this address, searching for this address through the X platform shows a lot of content related to Arthur Hayes, so there is reason to suspect that this address belongs to Arthur Hayes.

Showing off his breasts while crashing the market... Although it sounds a bit shameless, this is not the first time that Arthur Hayes has done this.

On December 21 last year, Arthur Hayes published an article on X to praise Ethena (ENA), saying: "If a DeFi protocol has not integrated USDe or sUSDe, it should be out."

However, on the same day, the Arthur Hayes marked address unpledged 9.018 million ENA, and then transferred 7 million ENA to Binance (the unit price of ENA was about US$1.21 at the time, and the total value of these tokens was about US$8.47 million). A day later, 7.85 million USDC was withdrawn from Binance using the same address, which was a completely undisguised market crash.

Afterwards, Arthur Hayes transferred nearly 10 million ENA to CEXs such as Bybit to make a profit.

Arthur Hayes's mouth is a lie: he is milking and shipping at the same time

Prior to this, Arthur Hayes had made a bold statement, predicting that the price of ENA could exceed $10.

Arthur Hayes's mouth is a lie: he is milking and shipping at the same time

Looking back at the historical trend of ENA, when Arthur Hayes was "milking and smashing", ENA had already regained its position above $1, and it seemed that the wash-out was over and it would continue to rise, but the subsequent trend was downward all the way, and now it has fallen by more than 70%.

Arthur Hayes's mouth is a lie: he is milking and shipping at the same time

This time, HYPE has just broken through $40 and set a new high. Arthur Hayes once again performed the "nursing and smashing" operation. Will a similar script happen again?

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Author: Odaily星球日报

This article represents the views of PANews columnist and does not represent PANews' position or legal liability.

The article and opinions do not constitute investment advice

Image source: Odaily星球日报. Please contact the author for removal if there is infringement.

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