Arthur Hayes Dumps Entire Hype And Near Stack Days After $100,000 Hype Bet
- Arthur Hayes, co-founder of BitMEX, has revealed that he sold his entire Hyperliquid (HYPE) and NEAR Protocol (NEAR) holdings.
- He also set a price target of $150, predicting HYPE would overtake Solana (SOL).
- Follow us on X to get the latest news as it happens
- Hayes announced the sale in a post on X (formerly Twitter), promising a fuller explanation next week.
What Happened
Hayes announced the sale in a post on X (formerly Twitter), promising a fuller explanation next week. Still, the executive outlined four reasons in the post.
Market Context
Hayes has long been bullish on HYPE and even recently forecasted that NEAR could go “for da moon.” In April, BeInCrypto reported that Hayes had accumulated over 26,000 HYPE tokens, worth roughly $1.1 million. He also set a price target of $150, predicting HYPE would overtake Solana (SOL).
He pointed to higher energy prices due to the Iran war and to inventory restocking. Hayes also flagged three large artificial intelligence (AI) initial public offerings (IPOs) expected before early Q3.
Furthermore, he predicted President Donald Trump would turn against AI to help Republicans win the midterm elections. He expects markets to top between now and September, framing the sale as profit-taking before the peak.
The Reality Test essay, due next week, should clarify whether Hayes is timing a top or rotating capital. For now, his actions and his words point in different directions.
Why It Matters
Arthur Hayes, co-founder of BitMEX, has revealed that he sold his entire Hyperliquid (HYPE) and NEAR Protocol (NEAR) holdings.
The move follows a stretch of high-conviction posts, including a $100,000 charitable wager that the token would outperform every other top-ten asset by year’s end.
Details
Arthur Hayes Bets Liquidates HYPE and NEAR Positions
Follow us on X to get the latest news as it happens
Nonetheless, the executive still continues to be bullish on some assets. Yesterday, he posted a bullish call on Worldcoin (WLD), targeting $10 per token.
“The SpaceX IPO is going to melt people’s faces off. Holding the WLD through the listing next week,” he posted.
Subscribe to our YouTube channel to watch leaders and journalists provide expert insights
The post Arthur Hayes Dumps Entire HYPE and NEAR Stack Days After $100,000 HYPE Bet appeared first on BeInCrypto.