Just-In: Arthur Hayes Sells Entire Hyperliquid Position, HYPE Price Drops 4%
Highlights
- BitMEX co-founder Arthur Hayes has revealed dumping his entire position in HYPE and NEAR.
- He noted the U.S.-Iran war has one of the main reasons for this decision.
- The HYPE price nosedived more than 4% amid the announcement today.
Despite recent support for Hyperliquid (HYPE), crypto trader and BitMEX founder Arthur Hayes has sold all of his HYPE tokens. It caused an immediate market reaction as the HYPE price declined.
Arthur Hayes Dumps Hyperliquid Stash
Hayes has sold 247,334 HYPE tokens valued at about $18.02 million, according to monitoring platform Onchain Lens. In addition, he offloaded an unspecified number of NEAR tokens.
On social media, Arthur Hayes shared: “I just dumped my entire $HYPE and $NEAR position, I will explain why in my essay ‘Reality Test’ dropping next Tuesday.”
He pointed to several reasons for this selloff. He highlighted the “higher energy prices due to Iran war and inventory restocking.” In addition, Arthur Hayes spotlighted the possibility of “3 Mega AI IPOs between now and early Q3.” Here, he seems to be referring to the anticipated IPOs of SpaceX, Anthropic, and OpenAI.
Hayes also said that the U.S. President Donald Trump might change his political stance on AI ahead of the mid-term elections “to win mid-terms for Republicans.” Hence, the billionaire trader could be eyeing AI-related investments now.
I just dumped my entire $HYPE and $NEAR position, I will explain why in my essay "Reality Test" dropping next Tuesday.
TLDR:
– Higher energy prices due to Iran war and inventory restocking
– 3 Mega AI IPOs between now and early Q3
– Prediction that Trump goes anti-AI to win…— Arthur Hayes (@CryptoHayes) June 4, 2026
“I think highs in [markets] will happen [between] now and September,” Arthur Hayes declared. Hence, he suggested it was “time to take profit.”
HYPE Price Faces Downturn
After the announcement, Hyperliquid tumbled over 4%, losing some of the gains in the past few days. The data on TradingView indicates that HYPE price stood at $69.10, down by 4.29% on Thursday, June 4.
The breakdown from the $70 level hints at a bearish sentiment in the market. However, Hyperliquid had previously been in a strong multi-month uptrend with weekly trading volume hitting a new high. It surpassed the $30 mark in February and climbed to highs beyond $75 recently.
The correction came as a surprise to some traders as Grayscale Investments just launched its Hyperliquid staking ETF on June 3.
Arthur Hayes’ liquidation also indicates a U-turn from his recent bullish outlook. In earlier statements, Hayes claimed that HYPE might even outpace Solana in terms of capitalization in the future.
At the time, he wrote, “Looking at this list of mostly dogshit coins, I think $HYPE should at a minimum overtake $SOL before this bull run is over.”
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