Core Insights - Arthur Hayes, co-founder of BitMEX, sold his entire stash of HYPE tokens, which he previously predicted could increase by 126 times, to fund a Ferrari Testarossa [1][2] - Following Hayes' exit, the HYPE token traded at $49.48, down 8% on the day but still up 660% since its launch at $6.51 last November [3][5] - Despite Hayes' departure, Hyperliquid's trading volume surged from $560 million in early August to a record $3.4 billion by August 24 [3] Company Performance - HYPE powers the Hyperliquid decentralized derivatives exchange, which has seen a significant increase in activity [3] - Daily trading volume for HYPE remains resilient, indicating that liquidity on Hyperliquid has not diminished despite Hayes' sale [5][6] - The fundamentals of Hyperliquid suggest it is scaling rapidly and is not solely dependent on Hayes [6] Market Sentiment - Hayes has a history of making bold predictions followed by abrupt changes in stance, leading to skepticism among crypto investors [4] - The broader question remains whether the anticipated "up only" market cycle will materialize in Q4 or if Hayes cashed out before a potential downturn [7]

anyone who compares this to "fiat debasement" is trolling you or has no idea how this worksas I've said 50 times, all you need to do to not only defend against but outpace issuance is: stake your SOLit is a transfer from non stakers to stakersif you stake with no fee validator like Helius, not only are you not getting diluted, youre also earning real yield from MEV on topJohn Wang (@j0hnwang):Solana Market Cap is now ~2x last cycle’s ATH while the price is still roughly the same as the last ATH ($260) https ...