Arthur Hayes, co-founder of BitMEX and chief investment officer of Maelstrom, posted on X on Tuesday, November 3, 2026, announcing a new development. Hayes stated, "FLOP devnet is open for builders Get test FLOP, explore blocks, and call verified inference from your agent: • Explorer: • Faucet: • API: • MCP: • SDK: npm i -labs/sdk · Docs: · Ask: Devnet tokens have no value and earn no rewards or airdrop weight. The chain may reset. There is no FLOP token yet: never share a seed phrase, and check links at".
This announcement occurs amidst notable activity in the digital asset market. Bitcoin (BTC) is currently trading at $76,631, reflecting a 1.9% decrease over the last 24 hours. Ethereum (ETH) is priced at $2,254, down 1.5% in the same period. Recent Gokhshtein coverage has reported significant movements, including a $405 million outflow from BlackRock's Bitcoin ETF, the largest in four months, and an inflow of 830 Bitcoin to Coinbase indicating potential sell pressure.
Hayes's clear statement aims to manage expectations and prevent premature speculation regarding the FLOP project. His emphasis that "Devnet tokens have no value" and "There is no FLOP token yet" suggests a proactive measure to distinguish experimental development from a fully launched, tradable asset. This position is crucial for market clarity in the early phases of new digital asset protocols.
