{"id":72978,"date":"2026-05-23T23:30:48","date_gmt":"2026-05-23T23:30:48","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/arthur-hayes-linked-wallet-deposits-6-33m-in-hype-to-bybit-after-calling-150-target\/"},"modified":"2026-05-23T23:30:48","modified_gmt":"2026-05-23T23:30:48","slug":"arthur-hayes-linked-wallet-deposits-6-33m-in-hype-to-bybit-after-calling-150-target","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/arthur-hayes-linked-wallet-deposits-6-33m-in-hype-to-bybit-after-calling-150-target\/","title":{"rendered":"Arthur Hayes-Linked Wallet Deposits $6.33M in HYPE to Bybit After Calling $150 Target"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p><span style=\"font-weight:400\"><\/p>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">A wallet tied to Arthur Hayes deposited 115,453 HYPE worth $6.33M into Bybit on May 23.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The same wallet withdrew the identical HYPE from Bybit one month ago at $39.58, implying a substantial unrealized gain.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The Bybit deposit, considered as the first step before selling, stands in contrast to Hayes\u2019 publicly stated $150 price target for HYPE.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><\/span><\/p>\n<h2><span style=\"font-weight:400\">The $150 Call vs. the Bybit Deposit<\/span><\/h2>\n<p><span style=\"font-weight:400\">A wallet attributed to Arthur Hayes, co-founder of the BitMEX derivatives exchange and managing partner of <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> venture firm Maelstrom Fund, deposited 115,453 HYPE tokens worth approximately $6.33 million into Bybit.<\/span><\/p>\n<p><span style=\"font-weight:400\">What gives the move its significance is the wallet\u2019s own history, as that same address had withdrawn the identical 115,453 HYPE from Bybit roughly one month earlier (at an entry price of $39.58 per token). The deposit back onto the exchange comes after a solid price appreciation in HYPE, meaning Hayes is sitting on a substantial unrealized gain on the position. <\/span><\/p>\n<figure id=\"attachment_816460\" aria-describedby=\"caption-attachment-816460\" style=\"width:1656px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-816460\" class=\"wp-caption-text\">Wallet linked to Arthur Hayes has moved 115,453 HYPE tokens worth $6.33 million into Bybit, per Arkham<\/figcaption><\/figure>\n<p><span style=\"font-weight:400\">The timing creates an interesting contrast with Hayes\u2019 own public commentary as he recently <a href=\"https:\/\/x.com\/CryptoHayes\/status\/2033704604798730662?lang=en\" target=\"_blank\" rel=\"noopener noreferrer\">circulated a bullish call<\/a> stating HYPE could reach $150 per token. Yet his wallet activity suggests he may be positioning to reduce exposure, or at minimum, moving the position into a venue where liquidating it quickly is possible.<\/span><\/p>\n<p><span style=\"font-weight:400\">HYPE is the native token of Hyperliquid, a decentralized derivatives platform that has generated some of the strongest <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-trading-volume\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">trading volume<\/a> and user growth numbers in the market throughout 2026. It recently <a href=\"https:\/\/news.bitcoin.com\/hyperliquid-wipes-out-36-5m-shorts-as-hype-climbs-within-cents-of-ath\/\">approached its all-time high<\/a> with several traders banking massive profits by going long on the asset.<\/span><\/p>\n<p><span style=\"font-weight:400\">When large holders move significant quantities of tokens from self-custodied wallets to exchange wallets, it can be considered a legitimate distribution signal. Exchanges are where selling happens; cold wallets are where holding happens. The directionality of the move, therefore, matters.<\/span><\/p>\n<p><span style=\"font-weight:400\">That said, institutional fund managers do not always sell immediately upon depositing, with some using exchange balances as collateral for derivatives positions, while others use them for portfolio rebalancing. Without additional onchain data showing the tokens being moved to sell orders, the deposit remains ambiguous.<\/span><\/p>\n<p><span style=\"font-weight:400\">Hayes had not commented publicly on the wallet activity at the time of publication. His fund Maelstrom has been active in early-stage <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> venture positions, with HYPE representing one of his higher-profile liquid token commentaries.<\/span><\/p>\n<p> <!-- --><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/arthur-hayes-deposits-6-33m-hype-bybit-after-150-price-call\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways A wallet tied to Arthur Hayes deposited 115,453 HYPE worth $6.33M into Bybit on May 23. The same wallet withdrew the identical HYPE from Bybit one month ago at $39.58, implying a substantial unrealized gain. The Bybit deposit, considered as the first step before selling, stands [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":72979,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72978"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=72978"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72978\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/72979"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=72978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=72978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=72978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}