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\n\t\t\t\t\t\t\t\t\tMeanwhile, HYPE’s price surged to a three-week high above $42.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
On-chain data reveals that BitMEX\u2019s co-founder and former CEO has begun accumulating HYPE again after a multi-month hiatus.<\/p>\n
The most recent purchase coincides with the asset\u2019s significant run that drove it to over $40, as well as the latest developments on Bitwise\u2019s HYPE ETF application.<\/p>\n
Lookonchain updated earlier on April 11 that the Maelstroms\u2019 executive had spent over $1 million to accumulate 26,022 HYPE tokens. This was his first such purchase in almost three months. Wallets linked to him show that he currently holds 247,344 HYPE, worth around $10.44 million, and he sits on a paper gain of $2.5 million.<\/p>\n
\nArthur Hayes(@CryptoHayes<\/a>) bought 26,022 $HYPE<\/a>($1.1M) again after nearly 3 months.<\/p>\n
He now holds 247,334 $HYPE<\/a>($10.44M) and is up over $2.5M.https:\/\/t.co\/BVqcbjKBOc<\/a> pic.twitter.com\/Qu5FgXTbAb<\/a><\/p>\n
\u2014 Lookonchain (@lookonchain) April 11, 2026<\/a><\/p>\n<\/blockquote>\n
Hayes has been quite active lately in terms of crypto purchases and sell-offs. The latest big accumulation that made the headlines was in mid-March when he bought<\/a> ETHFI just hours before the asset was listed on Upbit, which led to a substantial price uptick.<\/p>\n
His HYPE purchase comes in a rather compelling time for the asset, which has been on a substantial roll lately. After dipping below $27 when the war in Iran started on February 28, the asset surged to $44 by March 18. It slipped again, this time to $34, in early April, but jumped once again, reclaimed the $40 resistance, and now sits at $42.<\/p>\n
HYPE ETF Comes Soon?<\/h2>\n
Perhaps a portion of HYPE\u2019s latest gains could be attributed to the growing hype (no pun intended, seriously) in the race for a spot ETF. As reported<\/a> several weeks ago, Grayscale filed an S-1 for its HYPE ETF application, while the latest development came from Bitwise at the end of the business week.<\/p>\n
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Bloomberg\u2019s expert on the matter, Eric Balchunas, noted that Bitwise has updated its Hyperliquid ETF application to include the BHYP ticker and set a fee of 67 bps. He concluded that such moves \u201ctypically\u201d mean that the product will see the light of day soon.<\/p>\n
\nBitwise w another update to Hyperliquid ETF includes ticker $BHYP<\/a> and fee 67bps. Typically that means launch soon. HYPE is up 200% in past yr so they prob trying to strike while iron hot pic.twitter.com\/xt5gc9BpSI<\/a><\/p>\n
\u2014 Eric Balchunas (@EricBalchunas) April 10, 2026<\/a><\/p>\n<\/blockquote>\n
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