‘Time to take profit’ – Arthur Hayes dumps HYPE, NEAR before SpaceX IPO
Arthur Hayes, co-founder of BitMEX exchange and crypto-focused Maelstrom Fund, has joined the list of analysts viewing the upcoming SpaceX IPO as a bearish catalyst for the crypto market. According to him, the upcoming IPOs (SpaceX, Athropic, and OpenAI) have forced him to rebalance his altcoin portfolio. He dumped his entire Hyperliquid [HYPE] and Near protocol [NEAR], noting that it was “time to take profit.”