Arthur Hayes Dumped HYPE and NEAR: Shill, Pump, Dump, Repeat
Arthur Hayes has carried out it once more. Just now, the BitMEX co-founder and Maelstrom CIO revealed he had bought his complete HYPE and NEAR positions. Why? Rising power costs tied to tensions in Iran, looming AI IPOs that would drain market liquidity, and a perception that markets could peak someday between now and September. His answer is to take income and rotate into Bitcoin.
Fair sufficient, however the issue is that simply 4 days earlier, Hayes was singing a unique tune. Just days in the past, he posted “Meow — $HYPE to $150” alongside a cat meme whereas persevering with to advertise what he referred to as his “holy trinity” of altcoins: HYPE, ZEC, and NEAR. He even made a $100,000 charity guess with Kyle Samani that Hyperliquid would outperform each top-10 cryptocurrency by year-end.
Then got here the exit. There’s nothing incorrect with taking income. The subject is that this sample has grow to be acquainted.
Back in September 2025, Hayes was additionally aggressively bullish on Hyperliquid, floating a possible 126x rally and repeatedly speaking up the token earlier than later promoting thousands and thousands of {dollars} value. At the time, he famously admitted among the proceeds went towards buying a Ferrari.
Eventually, he purchased again in, renewed his bullish outlook, and resumed selling the commerce. Fast ahead to 2026, and it’s the identical script another time, recent worth targets, recent conviction, recent narratives, and then one other exit.
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Arthur Hayes vs. the Community
The neighborhood is on level. Arthur Hayes would purchase a token that’s already transferring, promote more and more aggressive targets, then promote into the ensuing momentum. Others questioned how somebody might spend days discussing a $150 goal solely to liquidate a complete place virtually instantly afterward.
Some Hyperliquid supporters defended Hayes’ proper to commerce nonetheless he needs. They’re right. He’s below no obligation to carry perpetually, and no one is pressured to repeat his trades.
Still, Hayes isn’t simply one other crypto influencer. He’s one of many trade’s most recognizable figures, a pioneer of crypto derivatives, and somebody whose market commentary nonetheless carries weight. When he repeatedly builds bullish narratives round a token and then exits shortly afterward, persons are naturally going to query him.
The frustration isn’t actually about simply this one commerce. It’s turning into a sample we’ve seen earlier than throughout ETH, PEPE, ENA, HYPE, and different positions. Hayes’ wallets are public, so everybody can peek at them. But transparency alone doesn’t get rid of criticism when the identical sh*t retains repeating.
Hayes is predicted to publish an extended essay explaining the choice, and maybe his macro issues will show right. Markets can change shortly, and prudent threat administration is a part of the sport.
In all honesty, crypto doesn’t lack for bullish narratives. What it lacks is accountability when these narratives abruptly disappear the second income are on the desk.
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