According to Hayes, the primary reason for the sale was the discovery of an "Orchard Pool" vulnerability on the Zcash network. Arthur Hayes, a well-known figure in the cryptocurrency sector, announced on the social media platform X that he has sold all of his Zcash holdings. Hayes stated that the “Holy Trinity” of HYPE, ZEC, and NEAR, which he previously cited as the cornerstones of his investment thesis, has now come to an end.