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arthur hayes publicly bet $100k that HYPE outperforms top 10 cryptos through year end. three days later his wallet deposited $18m in HYPE to an exchange and sold 247k tokens. price dropped 4% instantly. grayscale launched the HYPE ETF on june 1st and the token dumped 25% in 72 hours. $20m+ weekly revenue. $3.22b open interest ATH. $173m ETF AUM with zero outflow days on bitwise even through the crash. the ETF was supposed to be the buy catalyst. instead authorized participants arbed it into a liquidity exit. every metric at ATH except price. hayes selling into his own public bet is the cherry on top