Arthur Hayes Explains the Reason for Selling HYPE: Massive Token Unlocks Are a "Sword of Damocles"

ChainCatcher News, Arthur Hayes reposted the analysis article "The Sword of Damocles of HYPE" and commented, "This is the reason for today's sale of 96,600 HYPE. But don't worry, a 126x increase is still possible, and 2028 is still far away."

The analysis mentioned that HYPE is about to face its real test. Starting from November 29, 2025, 237.8 million HYPE tokens will begin to unlock linearly over 24 months. Calculated at $50 per token, this is equivalent to $11.9 billions in team unlocks, with nearly $500 millions worth of tokens entering the market each month. The analysis pointed out that the current buyback capacity can only absorb about 17% of the unlocked tokens, leaving an excess supply of approximately $410 millions per month. Token unlocks are a potential "Sword of Damocles."

This morning, Arthur Hayes sold 96,600 HYPE, worth $5.1 millions. Just three weeks ago, he predicted that the price of HYPE could increase by 126 times in the coming years.