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BitMEX co-founder Arthur Hayes has sold all of his Hyperliquid (HYPE) and Near Protocol (NEAR) tokens. The move effectively marks a reversal of his previous stance after he had earlier issued ambitious upside forecasts for both assets.
In a post on X, Arthur Hayes explained the decision by citing rising energy prices amid the ongoing conflict in the Middle East, expectations of three major AI company IPOs by the third quarter of 2026, and forecasts that US President Donald Trump could take an “anti-AI” stance to help Republicans in the US midterm elections.
The move represents a sharp pivot for Hayes, who had previously set highly optimistic targets for both altcoins. He predicted that HYPE could reach $150 by August, while NEAR could rise 20x by 2027.
Blockchain platform Onchain Lens confirmed that Hayes sold 247,334 HYPE for approximately $18 million, as well as an undisclosed amount of NEAR. The sales came shortly after Hayes publicly challenged Multicoin Capital co-founder Kyle Samani to a $100,000 charity bet, claiming that HYPE would outperform every top-10 cryptocurrency by the end of 2026.
According to TradingView, HYPE fell 8.4% over the past 24 hours to $65, while NEAR dropped 17.4% to $2.34.
At the same time, interest in his trades intensifies when they diverge from his previous statements. If Hayes first sets aggressive upside targets for tokens and then takes profit or exits a position, the market may interpret it as a potential sign of shifting expectations.
As a reminder, Arthur Hayes previously argued that Bitcoin had found a bottom and forecast a major rally in the future.