- Former BitMEX CEO Arthur Hayes announced that he dumped his HYPE holdings right after making a $150-per-token prediction for the asset.
Arthur Hayes, co-founder and former CEO of BitMEX, recently made a shocking revelation: he sold his Hyperliquid (HYPE) holdings. It came just a few days after he forecasted that the token would rally to $150.
Arthur Hayes’ Earlier Bullish Outlook for HYPE
Previously, Hayes made a bold prediction that HYPE has more fuel left for new all-time highs (ATHs). The digital asset notably peaked at $75.52 on June 2, but Hayes and several analysts expect further rallies up ahead.
The crypto entrepreneur grounded his projection on HYPE’s solid fundamentals, which he believes would be the key to the token outperforming Bitcoin (BTC) and other altcoins in the top 10 of the crypto market cap rankings before year-end. He even put his money where his mouth is by challenging Kyle Samani, Chairman of Forward Industries, to a $100K charitable bet, adding that HYPE will surpass Solana’s (SOL) price in its current bull run.
Why Hayes Sold His HYPE Holdings
Fast-forward to Thursday, Hayes surprised the Hyperliquid community by announcing that he dumped his HYPE holdings, together with his Near Protocol (NEAR) token stash. He stated that he will discuss in detail the reason behind the move in an essay titled “Reality Test” next Tuesday.
However, the former BitMEX CEO provided some tidbits of information about the matter. He cited the high energy prices driven by the war in Iran, which normally present themselves as macro headwinds in speculative assets, including the broader crypto spectrum, as his first justification.
Then, Hayes flagged the three Artificial Intelligence (AI)-related mega IPOs (Initial Public Offerings) by the third quarter of 2026, which would likely cause a mass capital rotation into AI-related stocks and tokens. Among the names that have popped up in relation to these rumors are OpenAI, Anthropic, and SpaceX.
On the other hand, President Donald Trump’s potential pivot to an anti-AI stance to win votes for Republicans in the mid-term elections could also trigger volatility in the sector. Hayes claimed that the White House will likely ride on the negative sentiment of the consensus that has been blaming the tech for its key contributions to the ongoing mass job cuts, high energy demand, and the proliferation of misinformation.
Lastly, Hayes said that it’s about time to secure his profits on HYPE and NEAR to rebalance his crypto portfolio and for his peace of mind. Meanwhile, several people criticized him for being a shill who only rode the Hyperliquid bandwagon during its token’s ATH and for making egregious predictions without real conviction, only to dump on investors who acted on his bullish forecasts.
