Arthur Hayes mentioned he bought his complete HYPE and NEAR positions, marking a pointy flip from his latest public help for each tokens.
Abstract
- Arthur Hayes bought his full HYPE and NEAR positions after weeks of public bullish calls.
- The sale follows his $100K HYPE wager and earlier $150 worth goal for August.
- Hayes cited Iran-linked vitality prices, AI IPOs and political danger as causes for profit-taking.
The BitMEX co-founder mentioned he’ll clarify the transfer in an essay titled “Actuality Take a look at” subsequent Tuesday.
The sale drew consideration as a result of Hayes had made a number of bullish posts on HYPE and NEAR in latest months. Studies citing Onchain Lens mentioned he bought 247,334 HYPE tokens price about $18.02 million.
“I simply dumped my complete $HYPE and $NEAR place,” Hayes wrote on X. He mentioned the choice got here earlier than a interval when markets might type highs between now and September.
Arthur Hayes’ $100K HYPE guess returns to focus
The exit comes shortly after Hayes challenged Multicoin Capital co-founder Kyle Samani to a $100,000 charity guess tied to HYPE. Beneath the proposed phrases, HYPE would want to outperform any altcoin above $1 billion in market worth between Feb. 10 and July 31.
As beforehand reported by crypto.information, Hayes made the wager after Samani criticized Hyperliquid’s construction and design. The loser would donate $100,000 to a charity chosen by the winner.
Hayes additionally printed a March thesis that positioned HYPE amongst his strongest liquid crypto positions. In that essay, he set a $150 goal for HYPE by August 2026, primarily based on Hyperliquid’s income and market-share progress.
Market-top warning drives sale
Hayes listed a number of causes for taking revenue. He pointed to increased vitality costs linked to the Iran conflict and stock restocking as one supply of market stress.
He additionally cited three massive AI IPOs anticipated between now and early Q3. Hayes mentioned these listings may have an effect on capital flows and danger urge for food throughout crypto and fairness markets.
A 3rd purpose concerned U.S. politics. Hayes predicted that President Donald Trump might flip in opposition to AI to assist Republicans within the midterm elections.
That view locations the sale inside a wider macro name. Hayes didn’t say whether or not he had closed different crypto positions, however his HYPE and NEAR exit reveals a transparent discount in altcoin danger.
HYPE thesis meets market actuality
The timing places Hayes’ earlier HYPE thesis underneath evaluation. As beforehand reported, Hyperliquid processed about $2.6 trillion in notional buying and selling quantity in 2025, in contrast with Coinbase’s $1.4 trillion.
That progress helped gas curiosity in HYPE as an on-chain derivatives commerce. Hyperliquid’s payment mannequin, consumer progress and buyback construction had been central to Hayes’ earlier bullish case.
The sale doesn’t erase that platform knowledge. It does present that Hayes is now separating venture power from market timing.
Nevertheless, Hayes stays publicly bullish on Worldcoin. He lately mentioned he was holding WLD via a coming itemizing occasion, whereas Maelstrom argued that WLD may benefit from the AI IPO wave.
For now, his HYPE and NEAR sale leaves merchants watching his subsequent essay. The important thing query is whether or not Hayes is asking a wider market prime or rotating capital towards AI-linked crypto belongings.
