Arthur Hayes, well-known figure in the cryptocurrency market, would have strengthened his position by buying $HYPEthe native token of the Hyperliquide ecosystem.
According to data shared by OnchainLens, Hayes added 20,274 $HYPE in his wallet about 5 hours ago. The total value of this purchase would be approximately $603,000.
With this latest transaction, Arthur Hayes’ total $HYPE holdings increased to 189,195. According to on-chain data, the current market value of this amount is around $5.79 million.
The Hayes acquisition attracted attention because it took place 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 the token is one of the assets benefiting from this trend.
On the other hand, Arthur Hayes is a name that comes up frequently 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 portfolio activity alone is not enough to make investment decisions and that they should pay attention to risk management and market conditions.
*This does not constitute investment advice.