While shouting bull run and dumping, Arthur Hayes your acting is too much.

Author: Azuma, Odaily

Original Title: Arthur Hayes's Mouth, A Deceptive Ghost: He's Milking While Dumping

BitMEX founder Arthur Hayes seems to have recently "fallen in love" with Hyperliquild (HYPE).

On May 23, Arthur Hayes posted on X that his goal in this bull market might be "HYPE's market cap surpassing SOL."

On June 9, taking advantage of Binance.US's post on X about Hyperliquid, Arthur Hayes once again inquired about CZ's plans for listing HYPE spot trading, stating: "Does this mean Binance is about to list HYPE spot trading?"

On June 11, Arthur Hayes updated X again, asking the community whether they think "Hyperliquid's trading volume will surpass Binance in this bull market."

In such a high-frequency "explosive" situation, does Arthur Hayes really believe in the rising potential of HYPE? The reality may not be that simple.

On June 12, just one day after Arthur Hayes finished nursing HYPE, Hyperliquid community member @obese.potato.pip discovered some interesting movements on-chain — Arthur Hayes seems to be selling HYPE.

According to monitoring by @obese.potato.pip, a suspected Arthur Hayes address transferred multiple batches of HYPE yesterday, including transferring 73,000 HYPE (approximately 3 million USD) to Flowdesk, transferring 40,000 HYPE (approximately 1.64 million USD) to Wintermute, transferring 53,000 HYPE (approximately 2.2 million USD) to Galaxy, and transferring 55,000 HYPE (approximately 2.3 million USD) to Gate.

By tracing on-chain data, we have pinpointed the following address: 0xc32235231d29831a2cb2a11e3f9c7f38160fc1dd.

Although mainstream browsers like Etherscan have not marked this address, searching for it on platform X reveals a considerable amount of content associated with Arthur Hayes, therefore there is reason to suspect that this address belongs to Arthur Hayes.

While exploding milk and smashing the market... Although it sounds a bit "shameless", this is not the first time Arthur Hayes has done this.

On December 21 last year, Arthur Hayes posted on X about Ethena (ENA), stating: "If a DeFi protocol has not integrated USDe or sUSDe, it should be out."

However, on the same day, Arthur Hayes un-staked 9.018 million ENA from the marked address and then transferred 7 million ENA to Binance (at that time, the price of ENA was about $1.21, making the total value of these tokens approximately $8.47 million). The next day, he withdrew 7.85 million USDC from Binance using the same address, completely unabashedly crashing the market.

Later, Arthur Hayes also transferred nearly ten million ENA to CEXs like Bybit to profit from dumping.

Before this, Arthur Hayes boldly predicted that the price of ENA could break through 10 dollars.

Looking back at the historical trend of ENA, when Arthur Hayes was "milking and smashing", ENA had already climbed back above 1 dollar, showing a trend of washing out and continuing to rise. However, the subsequent trend has been downward all the way, and now it has dropped by more than 70%.

This time, HYPE has just broken through 40 USD and set a new high, will Arthur Hayes' "milk and smash" operation be repeated again?