Key Takeaways:
- Arthur Hayes' Maelstrom is exclusively purchasing the HYPE token.
- Hayes is concurrently selling holdings of ETHFI and AUKI tokens.
- The move signals a targeted capital rotation into the Hyperliquid ecosystem.
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Arthur Hayes Buys HYPE Token While Selling 2 Altcoins
BitMEX co-founder Arthur Hayes is rotating capital into Hyperliquid's HYPE token, announcing on April 8 via X that his family office Maelstrom is actively buying the token while selling its positions in ETHFI and AUKI.
"HYPE is the only thing the Maelstrom team is buying right now," Hayes said in the post on X, reinforcing a bullish position on the token tied to the decentralized perpetuals exchange.
The announcement signals a strategic shift, moving funds out of liquid restaking token Ether.fi (ETHFI) and an unnamed token, AUKI. This targeted trade concentrates capital into HYPE, the native token of the Hyperliquid platform, a derivatives-focused decentralized exchange.
This public declaration from a high-profile crypto investor is highly bullish for the HYPE token, likely to drive speculative interest and short-term price appreciation. Conversely, the sell-off creates bearish pressure for ETHFI and AUKI, potentially leading to price declines as the market digests the rotation.
This article is for informational purposes only and does not constitute investment advice.
