finance
Trader Sells Hyperliquid and NEAR Holdings Days After $100,000 Bet
Arthur Hayes sold his full positions in Hyperliquid and NEAR three days after betting $100,000 that HYPE would outperform major cryptocurrencies by year-end. He cited shifts in energy prices, upcoming AI offerings, and market timing as reasons for the exit.
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Arthur Hayes sold his entire holdings in Hyperliquid and NEAR on Thursday, three days after placing a $100,000 charitable wager that HYPE would beat Bitcoin, Solana, and XRP by the end of the year. Hayes transferred roughly $18 million worth of HYPE tokens to market maker Flowdesk, according to on-chain records.
Hayes posted on X that four factors prompted the sale: higher energy prices tied to the Iran conflict and inventory restocking, three large AI IPOs expected before early Q3, an anticipated policy turn against AI to appeal in upcoming elections, and a view that market peaks would occur between now and September.
"Time to take profit, and two-step in beefa without worrying about my positions," Hayes wrote. When asked about keeping his Hyperliquid-themed profile picture, Hayes did not provide further detail in the available posts.
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