Arthur Hayes-Linked Wallet Sells HYPE Low and Buys Back Higher

On-chain activity tied to BitMEX co-founder Arthur Hayes shows a contrasting sequence of trades in Hyperliquid (HYPE) over the past few days.

Two days ago, the wallet (0x827c) transferred 115,453 HYPE (worth about $6.33 million) to the Bybit exchange for $54.81. More recently, just three hours ago, it withdrew 85,714 HYPE valued at roughly $5.37 million from Bybit at $62.69, indicating a buyback at a higher price following the earlier lower-priced transfer.

Source: Lookonchain