Arthur Hayes has reportedly purchased 6.16 million SYN tokens, valued at approximately $2.2 million, following a significant price surge in June. The investment is driven by a bullish outlook on the Hyperliquid ecosystem and Hypercall (owned by SYN), which Hayes views as a potential decentralized options competitor to Deribit. On-chain data also shows recent large-scale transfers of USDC involving Hayes' wallet and entities like Galaxy Digital.