Arthur Hayes Sells All HYPE and NEAR Amid Market Peak Fears

Prominent cryptocurrency investor Arthur Hayes has liquidated his entire holdings in Hyperliquid (HYPE) and NEAR Protocol (NEAR), citing concerns about a potential market peak in the coming months. Hayes, the co-founder of BitMEX and chief investment officer of Maelstrom Fund, announced the sales on June 4, 2026, stating a full explanation would be provided in an upcoming essay titled "Reality Test."

The move represents a significant shift from Hayes's recent public stance. He had previously issued aggressive price targets for both assets, predicting HYPE could reach $150 and describing the tokens as part of a "holy trinity" of investments. Data from on-chain analytics platforms indicates he sold approximately 247,334 HYPE tokens, worth roughly $18 million, along with an undisclosed amount of NEAR.

In his announcement, Hayes outlined several factors influencing his decision to take profits. He pointed to higher energy prices linked to geopolitical conflict and global inventory restocking as potential macroeconomic headwinds. He also highlighted the anticipated initial public offerings of three major artificial intelligence companies—SpaceX, Anthropic, and OpenAI—expected between...