Arthur Hayes denies $2.09M HYPE buyback after wallet link

On June 8 a wallet labeled by Arkham Intelligence and highlighted by Lookonchain withdrew 33,978 Hyperliquid (HYPE) tokens worth about $2.09 million from Bybit.

The transaction carries an implied entry price near $61.50 per HYPE. Four days earlier Hayes posted that he had fully exited his HYPE holdings above $72, citing macro hedging and a plan to wait for a better re-entry point.

After the public exit above $72, HYPE fell about 23% and briefly traded below $56 before recovering.

Hayes responded on Twitter to the wallet attribution with the message “I didn’t buy shit.” He provided no wallet details, signed on-chain message or exchange records to confirm a purchase linked to his identity.

Arkham assigns labels to wallets using on-chain transaction analysis, exchange deposit records and machine learning and targets a 95% accuracy rate for major figures. The firm has revised some influencer wallet attributions in the past. No exchange confirmation or an on-chain signature has yet tied the flagged address to Hayes.

At the time of reporting, HYPE traded around $61.43, up about 4.6% over 24 hours, with a market capitalization near $13.65 billion and a top-10 ranking by market cap. Hayes previously set a $150 price target for HYPE in 2026. Until direct evidence appears from Hayes, Arkham, Bybit or blockchain signatures linked to Hayes’ known addresses, the transaction remains unverified.